Question

Nolan invests $7600 in two different accounts. The first account paid 7 %, the second account paid 2 % in interest. At the end of the first year he had earned $292 in interest. How much was in each account? $ at 7 % $ at 2 %

Name: nolan invests 7600 in two different accounts the first account paid 7 the second account paid 2 in interest at the end of the first year he had earned 292 in interest how much was in each ac 18338
Uploaded: 2023-07-26T19:09:18-08:00
Duration: 2 min 8 s
Channel: Matthew Wagner
Description: nolan invests 7600 in two different accounts the first account paid 7 the second account paid 2 in interest at the end of the first year he had earned 292 in interest how much was in each ac 18338

          Nolan invests $7600 in two different accounts. The first account paid 7 %, the second account paid 2 % in interest. At the end of the first year he had earned $292 in interest. How much was in each account?
$  at 7 %
$  at 2 %

Added by Stephanie A.

Elementary and Intermediate Algebra

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

Instant Answer

Solved by Expert Matthew Wagner

07/26/2023

Step 1

Let 7600 - x be the amount invested in the second account at 2% interest. Show more…

Show all steps

Thanks for your feedback!

Nolan invests $7600 in two different accounts. The first account paid 7 %, the second account paid 2 % in interest. At the end of the first year he had earned $292 in interest. How much was in each account? $ at 7 % $ at 2 %