A person has a total of $5000 in two accounts. If the first account earns 4% int
Practice Questions
Q1
A person has a total of $5000 in two accounts. If the first account earns 4% interest and the second earns 6%, how much is in the first account if the total interest earned in one year is $240?
$2000
$3000
$2500
$1500
Questions & Step-by-Step Solutions
A person has a total of $5000 in two accounts. If the first account earns 4% interest and the second earns 6%, how much is in the first account if the total interest earned in one year is $240?
