Deposit

We deposited a total of $15,000 into simple interest accounts. The annual simple interest rate on one account at 6% the annual simple interest rate on the second account at 7%. How much should be invested in each account so that the total interest earned is $970

Correct answer:

a =  8000
b =  7000

Step-by-step explanation:

p1=6%=1006=0.06 p2=7%=1007=0.07  a+b=15000 p1 a+p2 b=970 a+b=15000 0.06 a+0.07 b=970  a+b=15000 0.06a+0.07b=970  Row20.059999999999945 Row1Row2 a+b=15000 0.01b=70  b=0.0170=7000.00000001 a=15000b=150007000.00000001=7999.99999999=8000  a=8000 b=7000



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