Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last year, Jina had $30,000 to invest. She invested some of it in an account that paid 8% ple interest per year, and she invested

image text in transcribed
image text in transcribed
Last year, Jina had $30,000 to invest. She invested some of it in an account that paid 8% ple interest per year, and she invested the rest in an account that paid 6% simple interest per year. After one year, she received a total of $2300 in interest. How much did she invest in each account? Note that the ALEKS 1;;ng calculator can be used to make computations easier. First account: 3m X 3 r? Second account: 3'] E BEE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Art And Craft Of Problem Solving

Authors: Paul Zeitz

3rd Edition

1119094844, 9781119094845

More Books

Students also viewed these Mathematics questions