Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

Beth is planning on investing her $1,600 bonus, putting some in anaccount earnin

ID: 3093177 • Letter: B

Question

Beth is planning on investing her $1,600 bonus, putting some in anaccount earning 6/% and the rest in an account earning 8%. How muchshould she put in each to have a total of $104 interest. The money is being invested in 2 accounts. Each account has a different interest rate. The first account is giving 8% interest. The second account is giving 6% interest. I need help on figuring out how both can equal to $104 The money is being invested in 2 accounts. Each account has a different interest rate. The first account is giving 8% interest. The second account is giving 6% interest. I need help on figuring out how both can equal to $104

Explanation / Answer

She put $1200 in the account earning 6%; and $400 inthe account earning 8%. I'm sorry if you were looking for the official way to do it but Ijust plugged in numbers, like 800 in each account, and on and ontill i hit $104.

Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Chat Now And Get Quote