Post a New Question

Algebra

posted by on .

Mr. and Mrs. Abdullah invest a total of $10,000 in two savings
accounts. One account pays 5% interest and the other 6%. Find the
amount placed in each account if the accounts receive a total of $540 in
interest after one year.

  • Algebra - ,

    add up the interest for each account. If there's x in the 5% account, then there's 10000-x in the 6% account, so

    .05x + .06(10000-x) = 540
    x = 6000

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question