destinyahubbard113
destinyahubbard113 destinyahubbard113
  • 14-12-2020
  • Mathematics
contestada

Angela has $2,200 to invest at a simple interest rate of 4.5%. If she wants to earn $297 in interest, how long does she have to invest her money?

Respuesta :

ehie
ehie ehie
  • 14-12-2020

Answer:

I will not give you an answer, but I will give you how too get the equation started.

Step-by-step explanation:

set up an equation using:

 

x= amount invested at 3%

 

7800 - x = amount invested at 12%

 

.03(x) + .12(7800 - x) = 504

 

.03x +936 - .12x = 504

 

-.09x = -432

 

x = 4800

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