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Earn +20 ptsQ: How much to save 7000 in 6 months?
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6 years is much greater than 2 months. 6 years = 72 months.
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What is one tenth of 7000?
700
How much simple interest would Kaitlyn earn on 300 at 6 percent for 6 months?
54
If you invested 7000 in two accounts paying 6 percent and 8 percent annual interest respectively If the total interest earned for the year was 520 how much was invested at each rate?
.06x+.08y=520 x+y=7000 solve for either the x or y in the x+y=7000 problem: y=7000-x now subsitute your new equation in for y: .06x+.08(7000-x)=520 now solve: .06x+560-.08x=520 -560 -560 .06x-.08x=-40 -.02x=-40 -.02 -.02 x=2000 then plug x into your x+y=7000 equation: 2000+y=7000 y=5000 SOOO, x=2000 @ 6%, y=5000 @8%
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