Yasmin

2021-06-07

I have $10,000 to invest for my daughter's car. I earned $215.04 when splitting the money into a 3% interest account and a 1.2% interest account. How much did I invest at each?

insonsipthinye

Skilled2021-06-08Added 83 answers

Let x be the amount invested in 3% interest so that

The interest earned is $215.04 so we can write:

Solve for x:

So, you invested $5280 at 3% and

Jeffrey Jordon

Expert2021-08-11Added 2575 answers

Answer is given below (on video)