Ask Question
6 December, 17:10

Lakisha has a total of $8000 to invest in two accounts for 1 year. One account pays 5% simple interest and the other pays 6% simple interest. How much should she invest in each account so the total interest earned is $438?

+4
Answers (1)
  1. 6 December, 17:38
    0
    0.05x + 0.06y = 438

    x + y = 8000

    x + 1.2y = 8760

    x + y = 8000

    Subtract equations

    0.2y = 760

    y = 3800

    8000-3800 = x = 4200

    $4200 into 5%

    $3800 into 6%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lakisha has a total of $8000 to invest in two accounts for 1 year. One account pays 5% simple interest and the other pays 6% simple ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers