Precalculus (6th Edition) Blitzer

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

Chapter P - Test - Page 147: 56

Answer

$3000$ dollars at $8\%$, $7000$ dollars at $10\%$.

Work Step by Step

Step 1. Assume the amount for the $8\%$ account is $x$ dollars; then we have $10000-x$ for the $10\%$ account. Step 2. The sum of the interests is given by $0.08x+0.1(10000-x)=940$, which leads to $0.02x=60$ or $x=3000$ Step 3. Thus the amount for the $8\%$ account is $3000$ dollars and for the $10\%$ account is $7000$ dollars.
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