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Javier invests money in two accounts. He invests twice as much in an account paying 11% as he does in an account paying 3%. If he earns $104.50 in interest in one year from both…

Javier invests money in two accounts. He invests twice as much in an account paying 11% as he does in an account paying 3%. If he earns $104.50 in interest in one year from both…
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Javier invests money in two accounts. He invests twice as much in an account paying 11% as he does in an account paying 3%. If he earns $104.50 in interest in one year from both accounts combined, how much did he invest altogether?

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User Akshay Dhalwala
by
8.1k points

1 Answer

3 votes
PRT+PRT=Total Interest

0.03x+0.11(2x)=104.5

0.25x=104.5
x=418

x+2x, 418+2(418)=1254

Total Investment=1254 dollars


answered
User Tanmoy Bandyopadhyay
by
8.4k points
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