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
.03x+ -.05x +100=84
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