Question
Last year, Henry invested a total of $2000 in two accounts earning simple interest. He invested some of it at 3.5% and the rest at
Last year, Henry invested a total of $2000 in two accounts earning simple interest. He invested some of it at 3.5% and the rest at 2%. How much did he invest in each account if he earned a total of $58.00 in interest last year?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
the amount invested at 35 as x and the amount invested at 2 as y We know ...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
