Suppose $10,000 is divided into two bank accounts. One account pays 3% simple interest per year and the other pays 2%. After one year there is a total of $240 in interest between the two accounts. How much was invested into the bank account that pays 3% simple interest (rounded to the nearest cent)? O $10,000 O $4,000 O $5,000 O $6,000

Suppose $10,000 is divided into two bank accounts. One account pays 3% simple interest per year and the other pays 2%. After one year there is a total of $240 in interest between the two accounts. How much was invested into the bank account that pays 3% simple interest (rounded to the nearest cent)? O $10,000 O $4,000 O $5,000 O $6,000

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...

See similar textbooks