Jaime invests $4,000 for one year in two savings accounts with simple interest. He invested $1600 at 6% interest and the

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Jaime invests $4,000 for one year in two savings accounts with simple interest. He invested $1600 at 6% interest and the

Post by answerhappygod »

Jaime invests $4,000 for one year in two savings accounts with simple interest. He invested $1600 at 6% interest and the rest at a different interest rate. If the total interest received is $380, what is the interest on the second account?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”