Question

Suppose $10,000 is divided into two bank accounts. One account pays 3% simple interest per year and the other pays 2%. After one year there is a total of $240 in interest between the two accounts. How much was invested into the bank account that pays 3% simple interest (rounded to the nearest cent)?











$5,000










$4,000










$6,000










$10,000
@gorv

Answer 1

let first one investment =x

Answer 2

second investment =10000-x

Answer 3

9700

Answer 4

x*3/100+(10000-x)*2/100=240

Answer 5

multiply both side by 100\
3x+(10000-x)*2=24000
3x+20000-2x=24000
x+20000=24000
subtract 20000 from both side

Answer 6

x=4000 at rate of 3%

Answer 7

thanks

Answer 8

@DUDE..LOOK..ITS..SGTC

Answer 9

welcome:)