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Last year. Kareem deposited into an account that paid 4% interest per year and $6000 into an account that paid 9% interest per year. No with withdrawals were made from either account. No rounding needed What was the total interest earned at the end of 1 year? What was the percent interest for the total deposited?

Sagot :

[tex]\begin{gathered} \text{Account 1} \\ \text{\$2000} \\ \text{4\%=0.04} \\ Interest=(\text{\$2000})(\text{0.04}) \\ Interest=\text{\$}80 \\ \text{Account 2} \\ \text{\$6000} \\ 9\text{\%=0.09} \\ Interest=(\text{\$6000})(\text{0.09}) \\ Interest=\text{\$}540 \\ \text{Total interest=\$80+\$540}=\text{\$620} \\ \text{Total interest is \$620} \\ \text{Question b)} \\ \text{Total interest=\$620} \\ \text{Total deposited=\$2000}+\text{\$6000}=\text{\$8000} \\ \text{percent =}\frac{\text{\$620}}{\text{\$8000}}\cdot100 \\ \text{percent =}7.75\text{ \%} \\ \text{The percent interest for the total deposited is }7.75\text{ \%} \end{gathered}[/tex]

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View image ShawnQ186874
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