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Mathematics 7 Online
OpenStudy (anonymous):

i need help so bad!!! Javier invests money in two accounts. He invests twice as much in an account paying 12% as he does in an account paying 7%. If he earns $310.00 in interest in one year from both accounts combined, how much did he invest altogether? A.$750 B.$1050 C.$300 D.$950

OpenStudy (anonymous):

\[.07x+.12*2x=310\]Multiply by one hundred\[7x+24x=31000\]

OpenStudy (anonymous):

from above you would get x = 1000. But that is just the amount invested at 7%, double was invested at 12% so in total he invested $3000

OpenStudy (anonymous):

3000 is not an anwser available?

OpenStudy (anonymous):

The answer should be 3009.708738

OpenStudy (anonymous):

A.$750 B.$1050 C.$300 D.$950 These are all incorrect, none of them could possibly be the answer. If you think about it, even if you took the highest option "$1050", to make £310 interest the interest rates would have to be close to 30% which they are not. Are you sure you typed the question out correctly?

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