We invested $10000 into two bank accounts. One account earns 14% per year, the other account earns 8% per year. How much did we invest into each account if after the first year, the combined interest from the two accounts is $1238?

Answers

Answer 1

Answer:

$7,300 was invested in the 14% account while $2,700 was invested in the 8% interest account

Step-by-step explanation:

Let the amount invested in first account be $x while the amount for second account is $y

Mathematically;

x + y = 10,000 •••••••••(i)

Interest on first account

= 14% of x = 14/100 * x

Interest on second account

= 8% of y= 8/100 * y

Adding all together will give total

14/100 * x + 8/100 * y = 1238

Multiply through by 100

14x + 8y = 123800 •••••••(ii)

From equation 1, x = 10,000 - y

Insert this into second equation

14(10,000-y) + 8y = 123,800

140,000 - 14y + 8y = 123,800

140,000 - 6y = 123,800

6y = 140,000 - 123,800

6y = 16,200

y = 16,200/6

y = $2,700

Recall

x + y = 10,000

x = 10000 - y

x = 10,000 - 2,700

x = $7,300


Related Questions

what is 6(x+-2) simplify to ​

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Answer:

6 −12

Step-by-step explanation:

6(−2)

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log2 8=c

Step-by-step explanation:

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Answer:

n=49

Step-by-step explanation:

The answer is N=49.

(Hope this helps)

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Answers

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I believe this question is incomplete. I don’t see a table or image attached. Comment if you believe this is wrong and I will do my best to help you

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Answers

Answer:

<DBC= 78

Step-by-step explanation:

since you already know what they equal all together

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Answer:

X=-7

Step-by-step explanation:

X+37+x+67=90

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are complex numbers considered real numbers?

on this assignment, it's asking me to select which expressions simplify to a real number. some of them (which i already selected) simplify to real numbers but some of the others simplify to a complex number like (3 + i)(i - 4) = -13 - i. can -13 - i be considered a real number or no because it's complex?

Answers

Answer:yes they are considered real numbers

Step-by-step explanation:

A worker takes 1 day to fill 4 crates how long will it take to fill 160 crates

Answers

Answer:

40

Step-by-step explanation:

divide, so 160 divided by 4 equals 40

CAN SOMEONE HELP!!! plssss

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Answer:

2 jugs

Step-by-step explanation:

1/3 + 1/3 is 2/3

Answer:

2 mugs

Step-by-step explanation:

what is the second step?

Answers

The third option is your answer

Factor completely by grouping.
x^3 + 7x^2 + 9x + 63

Answers

Answer:

(x+7)(x2+9)

Step-by-step explanation:

Answer: x^3+ 261x +63

Step-by-step explanation:

|6t−7|−8 ≥ 3 Please help me quick

Answers

Hope the answer helps you!!!
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Answers

Answer:

it is 3.6

Step-by-step explanation:

it's in the pictures below.

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Answer:

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Step-by-step explanation:

Han rides his bike for 50 miles over 4 hours. How long will it take him to ride 75 miles?

Answers

Answer:

6

Step-by-step explanation:

[tex]75 \times 4 = 300[/tex]

[tex]300 \div 50 = 6[/tex]

the answer is 6

Answer:

6 miles

Step-by-step explanation:

Find the unit rate 18 cupcakes in 3 boxes

Answers

Answer:

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Answers

Answer:

x=3

Step-by-step explanation:

6(8−2x)=4x

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6(8−2x)=4x

(6)(8)+(6)(−2x)=4x(Distribute)

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Step 2: Subtract 4x from both sides.

−12x+48−4x=4x−4x

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Step 3: Subtract 48 from both sides.

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I don’t get it can someone explain?

Answers

Subtracting a negative number is basically just addition. Think of it as 6+13, which would be 19.

Answer:

-19

Step-by-step explanation:

So, you can also write this equation as:

-6 + -13 = -19

For example:

You owe your friend $6.

You borrow 13 more dollars from him.

Now you owe him $19.

You have $-19 because you are in debt.

Hope I helped :)

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Your friend says that there is an angle whose measure is the same as the measure of the sum of its supplement and its complement.

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Answers

Let's check:

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x = 90 - x + 180 - x

x = 270 - 2x

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Answers

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Answer:

771

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Answers

5x+5=3
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Answers

Answer:

44%

Step-by-step explanation:

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A kennel owner has 400 feet of fencing to enclose a rectangular dog exercise pen. Express the area of the exercise pen, A, as a function of one of its dimensions, x. A(x) = x(x - 200) A(x) = x(x - 200) A(x) = x(400 - x) A(x) = x(400 - x) A(x) = x(200 - x) A(x) = x(200 - x) A(x) = (200 - x)2

Answers

Answer:

A(x) = x(200-x)

Step-by-step explanation:

400 feet of fencing to enclose a rectangular dog exercise pen means the perimeter of rectangle is 400 feet

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To graph ( -5,-8 ) after you go left 5 units what direction will.you have to go

Answers

Answer:

next direction would be 8 units down

HELP PLEASE

What is the result when the number 40 is increased by 50%?

Answers

Answer: really 60

Step-by-step explanation:

60 you take half of what you have which is 20 then add that to what you have


Eleanor was looking to save money and make her home more energy efficient. She heard about LED
light bulbs but wanted to calculate the actual cost per year before buying them. Eleanor found that
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Answers

It’s going be 200 per hour and 70 min

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Answers

Complete question :

The temperature at 5:00 a.m. was –6 °F. By 3:00 p.m., the temperature had risen to a high of 36 °F. If the temperature at 8:00 p.m. decreased from the high by the change in temperature in Fahrenheit degrees from 5:00 a.m. to 3:00 p.m., what was the temperature at 8:00 p.m.?

Answer:

-6°F

Step-by-step explanation:

Temperature at 5am (t1) = - 6°F

Temperature at 3pm (t2) = 36°F

Change in temperature, between 5am and 3pm:

(t2 - t1) = (36 - (-6)) = (36 + 6) = 42°F

Hence, temperature at 8:00 pm:

High temperature - change in temperature between (5am - 3pm)

36°F - 42°F = - 6°F

x-14<-6x+7≤13 solve for x

Answers

Answer:

−1  ≤  x  <  3

Step-by-step explanation:

Solve the system of inequalities.

X must be equal to or greater then -1 and smaller then 3.

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