A teenager has $10,000 invested in a checking account paying 2.5% per year and a savings account paying 6.5% per year.The total interest earned in the two accounts at the end of the year was equivalent to an annual rate of 6% on the entire $10,000.How much was invested in each account?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q52: A county decides to retire some of
Q53: A 100 unit high-rise apartment building which
Q54: A kitchen cabinet maker wants to establish
Q55: A father wants to invest $50,000 in
Q56: A car dealer has 20 new automobiles
Q58: A fence is to be placed around
Q59: A retired couple has $192,000 to invest.A
Q60: A bicycle costs a wholesaler $63 and
Q61: Solve: 2(x - 8)+ 5 ≤ -4
Q62: The solution of ![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents