Homework Help: mat h

Posted by kevin on Monday, January 17, 2011 at 2:42pm.

ms. buxx invested a total of $2000 in two savings accounts. The first account pays 3% interest per year and the second account pays 5% interest per yera. If the interest from both accounts totals $84 per yera, how much is invested in each account?

mat h - helper, Monday, January 17, 2011 at 2:51pm
x = amt at 3%
y = amt at 5%

x + y = 2000
.03x + .05y = 84

solve simultaneously for x, y

give it a try, post if you need for help
x = 800, y = 1200 if you are right
math - Anonymous, Monday, November 7, 2011 at 8:38pm
the answer is the first account has 800 and the second account has 1200
mat h - Ciara, Wednesday, February 29, 2012 at 6:39pm
I need the steps to this equation
mat h - math magician, Monday, January 14, 2013 at 6:58pm
x+y=2000
.03x+.05y=84

x+y=2000
-x -x
y=-x+2000 y=-(800)+2000

.03x+.05(-x+2000)=84 y=1200
.03x+ -.05x +100=84
-.02x+100=84
-100 -100
-.02x=-16
-----------
-.02x
x= 800

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