Toshiro has $850 to invest. He can invest in a savings account that has an annual interest rate of 3.7%, and he can invest in a money market account that pays about 5.5% per year. Write a polynomial to represent the amount of interest he will earn in 1 year if he invests x dollars in the savings account and the rest in the money market account.

Question

Toshiro has $850 to invest.  He can invest in a savings account that has an annual interest rate of 3.7%, and he can invest in a money market account that pays about 5.5% per year.  Write a polynomial to represent the amount of interest he will earn in 1 year if he invests x dollars in the savings account and the rest in the money market account.

anonymous · Answer

Hint: Interest = Principal * Rate * Time