Precalculus (6th Edition) Blitzer

Published by Pearson
ISBN 10: 0-13446-914-3
ISBN 13: 978-0-13446-914-0

Chapter P - Review Exercises - Page 145: 147

Answer

$4500$ dollars at $2\%$, $3500$ dollars at $5\%$ .

Work Step by Step

Step 1. Assume the investment for the $2\%$ account is $x$ dollars. Then the amount left for the $5\%$ account is $8000-x$. Step 2. The difference in interest is given by $0.05(8000-x)-0.02x=85$ or $0.07x=315$; thus $x=4500$ Step 3. The investment for the $2\%$ account is $4500$ dollars and the investment for the $5\%$ account is $3500$ dollars.
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