Ask your own question, for FREE!
Mathematics 12 Online
OpenStudy (anonymous):

Ming Wing invested $10,000, part at 4% and part at 5% simple interest for a period of 1 year. How much was invested in each account if the interest earned in the 5% account was $320 greater than the interest earned in the 4% account?

OpenStudy (anonymous):

katie

OpenStudy (anonymous):

click on my name

OpenStudy (anonymous):

next to my name

OpenStudy (anonymous):

OK Katie. You need to create 2 equations to solve for your two unknowns. Equation 1: 2 accounts <<--- pick any two variables to represent the 5% and 4% interest accounts. Together the principle invested in the two accounts adds up to what?

OpenStudy (anonymous):

Never-mind. I see you worked with cantoset in the chat room.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
DonaldTrumpofQC: I need help w/ this gardening question
3 hours ago 14 Replies 4 Medals
CriminalilticFools: Beautiful picture I took.
1 day ago 9 Replies 5 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!