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Let's represent the amount invested in the account paying 3% simple interest as 'x', and the amount invested in the account paying 6% simple interest as 'x + $5000'.
The formula to calculate simple interest is: Simple Interest = Principal x Rate x Time
Using the given information, we can set up the equation:
x * 0.03 + (x + $5000) * 0.06 = $930
Simplifying the equation, we get:
0.03x + 0.06(x + $5000) = $930
0.03x + 0.06x + $300 = $930
0.09x = $630
x = $7000
Therefore, Paula invested $7000 in the account paying 3% simple interest and $12,000 in the account paying 6% simple interest.

Answered by Darla1012 | 2024-06-24

Paula invested $7000 in the account paying 3% interest and $12000 in the account paying 6% interest. This was calculated using the simple interest formula to determine the total interest earned from both investments. By setting up an equation based on the total return, we solved for the amounts invested in each account.
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Answered by Darla1012 | 2024-12-26

Jawaban:Jangan menyebarkan email dengan sembarangan. Adanya blackmail akan membahayakan user email.

Answered by aekmohop | 2025-07-17