Question

Didi invested a total of $14,300 in two accounts paying 7.5% and 5% simple interest. If her total return at the end of 2 yr was $1680, how much did she invest in each account?

Name: Didi invested a total of 14,300 in two accounts paying 7.5% and 5% simple interest. If her total return at the end of 2 yr was $1680, how much did she invest in each account?
Uploaded: 2023-04-07T03:21:01-08:00
Duration: 3 min 6 s
Channel: Supreeta N
Description: Didi invested a total of 14,300 in two accounts paying 7.5% and 5% simple interest. If her total return at the end of 2 yr was $1680, how much did she invest in each account?

          Didi invested a total of $14,300 in two accounts paying 7.5% and 5% simple interest. If her total return at the end of 2 yr was $1680, how much did she invest in each account?

Didi invested a total of 14,300 in two accounts paying 7.5% and 5% simple interest. If her total return at the end of 2 yr was $1680, how much did she invest in each account?

Added by Tracie R.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Supreeta N

04/07/2023

Step 1

5% account and y be the amount invested in the 5% account. Therefore, we have the following two equations: x + y = 14300 (total amount invested) 0.075x + 0.05y = 1680 (total return after 2 years) Show more…

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Didi invested a total of $14,300 in two accounts paying 7.5% and 5% simple interest. If her total return at the end of 2 yr was $1680, how much did she invest in each account? Didi invested a total of $14,300 in two accounts paying 7.5% and 5% simple interest. If her total return at the end of 2 yr was $1680, how much did she Invest in each account?