College Algebra 7th Edition

Published by Brooks Cole
ISBN 10: 1305115546
ISBN 13: 978-1-30511-554-5

Chapter P, Prerequisites - Chapter P Review - Exercises - Page 78: 131

Answer

$5475$ at $1.5\%$ and $1525$ at $2.5\%$.

Work Step by Step

Let $x$ be the amount he invested in the first account. Then the amount he invested in the second one is $7000-x$. Thus our equation is: $0.015x+(7000-x)0.025=120.25\\0.015x+175-0.025x=120.25\\0.01x=54.75\\x=5475$ Hence, he invested $5475$ at $1.5\%$ and $1525$ at $2.5\%$.
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