Math Problem Statement
Kristina invests a total of $9,000 in two accounts paying 3% and 6% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $420.00.
A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use as your variable to represent the amount of money invested in the account paying 3% simple interest. Equation:
B) The answers are: $ was invested at 3% and $ was invested at 6%.
Solution
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Math Problem Analysis
Mathematical Concepts
Simple Interest
Equations
Percentages
Formulas
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Theorems
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Suitable Grade Level
Grades 7-9