You have $1000 to invest in two different accounts. To save the money you need for college, you need to average 5.7 percent interest. If the two accounts pay 4 percent and 6 percent interest, how much should you invest in each account?
$550 in 4%, $450 in 6%
$300 in 4%, $700 in 6%
$700 in 4%, $300 in 6%
$150 in 4%, $850 in 6%

Question

07-07-2021
Mathematics

Answered

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You have $1000 to invest in two different accounts. To save the money you need for college, you need to average 5.7 percent interest. If the two accounts pay 4 percent and 6 percent interest, how much should you invest in each account?
$550 in 4%, $450 in 6%
$300 in 4%, $700 in 6%
$700 in 4%, $300 in 6%
$150 in 4%, $850 in 6%

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