Precalculus (6th Edition)

Published by Pearson
ISBN 10: 013421742X
ISBN 13: 978-0-13421-742-0

Chapter 1 - Equations and Inequalities - 1.2 Applications and Modeling with Linear Equations - 1.2 Exercises - Page 103: 37

Answer

$\$10,000$ at $2.5\%$ and $\$20,000$ at $3\%$.

Work Step by Step

Step 1. Assume she deposited $x$ amount at $2.5\%$, thus the amount at $3\%$ would be $2x$ Step 2. The total annual interest can be found as $0.025x+0.03(2x)=850$ Step 3. Solve the equation: $0.085x=850$, thus $x=10,000$ Step 4. Conclusion: deposits $\$10,000$ at $2.5\%$ and $\$20,000$ at $3\%$.
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