Ann invested $61,000 into two accounts. The first account pays an annual interest rate of 5% and the second account pays an annual interest rate of 7%. After one year, Ann earned $3430 in interest. How much was invested in each account? Round your answer to the nearest cent, if necessary. [For full credit, set a system of linear equations and solve the system]

Answers

Answer 1

Answer:

2nd Account has $19,000

1st Account has $42,000

Step-by-step explanation:

First let's split the money invested.

x is money in account 1

y is money in account 2

1st equation

$61,000=x+y

5%=0.05

7%=0.07

2nd equation

0.05*x+0.07*y=$3,430

x=61,000-y

substitute into 2nd equation

0.05(61,000-y)+0.07y=3430

Solve.

3050-0.05y+0.07y=3430

0.02y=3430-3050

0.02y=380

y=380/0.02

y=$19,000

There are 2(two) ways to solve for the 1st account, but I will do it the long way.

y=61,000-x

substitute into 2nd equation

0.07(61,000-x)+0.05x=3430

Solve.

4270-0.07x+0.05x=3430

-0.02x=3430-4270

-0.02x=-840

x=-840/-0.02

x=$42,000

The short way...

x=61,000-y

x=61,000-19,000

x=$42,000


Related Questions

Marissa drives from her house to work at an avg speed of 40mph. She drives home sameroute at 60mph. Entire round trip is 45 minutes, what is her avgspeed in mph?

Answers

Answer:

50mph

Step-by-step explanation:

to to find the mean you add 40 + 60. which equals 100 then divide by the amount a variables which is two.

50 mph is correct. The 45 minute round trip is actually useless information in answering this question. You can divide 60+40 by 2 or in this case, when you only have 2 numbers to look at, you can find the median and the median will be the same as the mean. Unless you’re very comfortable with finding averages, I wouldn’t suggest calculating this by the median, but that is what I did because I’m very familiar with the pattern of finding means.

Solve the following inequality 90 > 10x + 80

Answers

Answer:

x<1

Step-by-step explanation:

10x + 80 < 90

10x < 90 - 80

10x < 10

x < 1

If a class has 12 boys and 4 girls, what is the ratio of boys to girls written as a decimal? 0.33 0.75 3 4

Answers

Answer:

Pretty sure it's 3

Answer:

C 3

Step-by-step explanation:

1. Round off each of the following to the nearest whole number.
(a) 8.71
(b) 26.01
(c) 69.48
(d) 103.72
(e) 49.84
(f) 101.35
(g) 39.814
(h) 1.23

Answers

☽------------❀-------------☾

Hi there!

~

[tex]8.71 = 9[/tex]

[tex]26.01 = 26[/tex]

[tex]69.48 = 69[/tex]

[tex]103.72 = 104\\49.84 = 50\\101.35 = 101\\39.814 = 40\\1.23 = 1[/tex]

❀Hope this helped you!❀

☽------------❀-------------☾

Answer:

Step-by-step explanation:

Look at tenth place. If it is 5 , 6 ,7 , 8, 9 ( 5 or more than 5)then add 1 to the whole part and that is your answer

If it is 0,1,2,3,4, then write the whole number as it it.

a) 8.71

tenth place is 7 and it is more than 5. so, add 1 to the whole part. 8+1 = 9

8.71 = 9

b) 26.01

Tenth place is 0 and it is less than 5.So, write the whole number as it is.

26.01 = 26

c) 69.48 = 69      { 4 is less than 5}

d) 103.72 = 104   { 7 >= 5}

e) 49.84 = 50  { 8 >= 5}

f)101.35 = 101  

g) 39.814 = 40

h)1.23 = 1

Inverse functions, PLEASE HELP I’m stuck

Answers

I learned how this week so I can help3/4

adfh9qgfW9PGFgfogfwgr0fgwpORGFOAWGRO7GTFWARF

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Answer:

sgjajzbjsjshissnbsjakskdksoddj XD

Step-by-step explanation:

Solve for g.
4(g - 17) = 12
g=

Answers

Answer:

[tex]g=20[/tex]

Step-by-step explanation:

[tex]4\left(g-17\right)=12[/tex]

Divide both sides by 4:

[tex]\frac{4\left(g-17\right)}{4}=\frac{12}{4}[/tex]

[tex]g-17=3[/tex]

Add 17 to both sides:

[tex]g-17+17=3+17[/tex]

[tex]g=20[/tex]

Answer: g=0 or g=20 i hope this helped

If 9% of a number equals 5, find 36% of that number.

Answers

Answer:

20

Step-by-step explanation:

You can set this up in an algebraic equation:.09x=5  which translates to 9% times a variable or unknown number equals 5Divide both sides by .09 which turns to 55.5 Multiply by .36 to find 36% of that number which equals 20

Elena draws a scale drawing for a garden in her backyard. The scale drawing is 3 inches by 6 inches. The garden will be 12 feet by 24 feet. What is the scale of the drawing in inches to feet? IF YOU ANSWER THIS QUESTION RIGHT I WILL MARK YOU BRAINLIEST 50 POINT QUESTION

Answers

plzzz give brainliest i really need it for my next rank

Answer:

1 inch= 4 feet for both

Step-by-step explanation:

This also means that the scale converts to 1/4 in. = 12 in.

stay safe

Using proportions, it is found that the scale is of 0.25 inches per feet.

This question is solved by proportions, using a rule of three.3 inches represents 12 feet, while 6 inches represents 24 feet. Since they are multiples, we take one of them, and find how many inches are represented by 1 feet.

The rule of three is:

3 inches - 12 feet

x inches - 1 feet

Applying cross multiplication:

[tex]12x = 3[/tex]

[tex]x = \frac{3}{12}[/tex]

[tex]x = \frac{1}{4}[/tex]

[tex]x = 0.25[/tex]

The scale is of 0.25 inches per feet.

To learn more about proportions, you can check https://brainly.com/question/24372153

If x is a Poisson random variable with a mean of 10, what is the probability that x is greater than 6?

Answers

Answer:

Step-by-step explanation:

6

Place the numbers in order from least to greatest.
0.24,4 x 10^-2,0.042, 2 x 10^-4,0.004

Answers

Answer:

2x10^-4,0.004,4x10^-2,,0.042,0.24

Step-by-step explanation:

i did the paper

What are two different methods you can use to withdraw money from your checking account?​

Answers

Answer:

You can withdraw by automatic electronic transfer, check, ATM card or debit card. There are many ways these days to withdraw money from your accounts.

hat is the quotient of 78.3 ÷ 3.48?

Answers

Answer:

a answer to a division problem

Step-by-step explanation:because thats have it is U-U

Answer:

The quotient is 22.5

Step-by-step explanation:

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Hope this helps

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Answers

Answer:

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Step-by-step explanation:

I believe...

Answer:

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Answers

Answer:

7.5 meters

Step-by-step explanation:

Stay safe!!! Stay 6 feet!!

Answer:

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i got it right

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Answers

Step-by-step explanation:

There are 4 cards less than or equal to 4.

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Answers

Answer:

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Answers

Answer:

x = - 1  

option I

Step-by-step explanation:

Equation is: 5x + 6 = 1

Subtract 6 from both sides

5x + 6 - 6 = 1 -6

        5x = -5

Divide both sides by 5

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The Math 123 book includes about 230 pages (not including the back parts of the book). If you aim to complete 65% of all the pages, how many should you finish?

Answers

Answer:

149.5 pages excluding the back parts

150.8 pages including the back parts

Step-by-step explanation:

Total pages in Math 123 book = 230 pages

You aim to complete 65% of all the pages, how many should you finish

65 % of 230 pages

= 65 / 100 × 230 pages

= 0.65 × 230 pages

= 149.5 pages excluding the bark parts of the book

If you include the back parts, that is, the beginning and ending page

You have a total of 230 pages + 2 pages

= 232 pages

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= 65 / 100 × 232 pages

= 0.65 × 232 pages

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Answers

Answer:

x=$200

Step-by-step explanation:

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Answers

Answer:

B) point estimation

Step-by-step explanation:

Sample mean is an example of point estimation. It is a point estimation of the population mean.

A point estimate of a population parameter is defined as one value of a statistic. The sample mean is regarded as the best point estimate of the population mean

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Answers

Answer:

4

Step-by-step explanation:

Since we have 2 points, we can find the slope using

m = ( y2-y1)/(x2-x1)

    = ( 7-3)/(9-8)

    = 4/1

   = 4

Given Points:

(8, 3) and (9, 7)

To Find:

The slope of the line passing through the points (8, 3) and (9, 7).

Slope Formula:

y2 - y1 / x2 - x1

Solution:

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= 4 / 1

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Answer:

4

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Answers

Answer:

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Step-by-step explanation:

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-75 - 82 plus 83 plus 54 ​

Answers

Answer:

Hey!

Your answer is -20!

Step-by-step explanation:

(-75) - 82 gives us = -157

(-157) + 83 gives us = -74

(-74) + 54 gives us = -20

I HOPE THIS HELPED!

Answer:

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Step-by-step explanation:

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Answers

Answer:

54.6

Step-by-step explanation:

42 =  70%

100% - 70% = .30%

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Answers

Answer: The second distribution.

Step-by-step explanation:

We should to expect to see a large density for the lowest number of plates (because is more common to eat 1, 2 or 3 plates than more)

For example, in the first distribution, we can see a normal distribution with a mean of 6.

This does not really make sense, because 6 plates is really a lot.

The third distribution has two peaks, one at 1 plate that has a lot of sense, and another at 10 plates, so this also does not have really a lot of sense (again, 10 plates is really a lot)

The fourth distribution seems to be even for all the number of plates, which would say that there is almost the same number of customers that eat 1 or 2 plates than the number that eats 9 or 10. This does not seem really logical, so we can assume that this is incorrect.

The second distribution is the correct one, because we see a larger density at a smaller number of plates (with a maximum at 2 plates) and the number of customers starts decreasing as the number of plates decreases (in this case, we can see that no one ordered more than 9 plates, which makes a lot of sense)

Looking into the sky one night, Tori wondered how far into outer space she would get if she drove a car for 3.21 × 103 hours at a rate of 70mph. She calculated and determined that a car travelling at 70 mph covers approximately 1.13 × 105 meters per hour. Tori wrote this expression to determine the distance she would travel into outer space. (3.21 × 103)(1.13 × 105) Estimate the distance travelled. Almost-equals30 × 1015 meters Almost-equals3 × 108 meters Almost-equals30 × 108 meters Almost-equals3 × 1015 meters

Answers

Answer:

B. Almost-equals3 × 108 meters

Step-by-step explanation:

I just did the assignment:)

Answer:

B

Step-by-step explanation:

Just took the asignment.

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Answers

29 is the median
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Answer:

Step-by-step explanation:

Bb

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