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8 September, 18:10

Javier invests money in two accounts. He invests twice as much in an account paying 11% as he does in an account paying 3%. If he earns $104.50 in interest in one year from both accounts combined, how much did he invest altogether?

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  1. 8 September, 18:21
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    PRT+PRT=Total Interest

    0.03x+0.11 (2x) = 104.5

    0.25x=104.5

    x=418

    x+2x, 418+2 (418) = 1254

    Total Investment=1254 dollars
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