Anne invests money in two accounts. One accountre turns 5% annual interest and the other returns 7% annual interest. In order not to incur a tax penalty, she can make no more than $400 in interest per year. Write an equation in standard form that describes this problem. If she invests $5000 in the 5% interest account, how much money does she need to invest in the other account?
how would you write out the answer

Question

Anne invests money in two accounts. One accountre turns 5% annual interest and the other returns 7% annual interest. In order not to incur a tax penalty, she can make no more than $400 in interest per year. Write an equation in standard form that describes this problem. If she invests $5000 in the 5% interest account, how much money does she need to invest in the other account?
how would you write out the answer

anonymous · Answer

@acxbox22

acxbox22 · Answer

5000x0.05=250
400-250=150
what amount would you have to invest with a 7% interest which equals $150?

acxbox22 · Answer

0.07x=150
divide by 0.07 onboth sides
$$x \approx2142.86$$

acxbox22 · Answer

you will have to invest $2142.86

acxbox22 · Answer

all of these problems are alike

anonymous · Answer

ya i am starting to understand now

anonymous · Answer

thanks :)

acxbox22 · Answer

np