Janine has two savings accounts totaling $6,500. One account earns annual interest and the other earns . If her total interest for the year is $211, then how much is in each account?
answer 509.5
you are missing the rates
To find the amount in each account, we can set up a system of equations based on the given information.
Let's denote the amount in the account earning annual interest as 'x' dollars and the amount in the account earning the other interest as 'y' dollars.
From the given information, we know two things:
1. The sum of the two accounts is $6,500:
x + y = 6,500 -- Equation 1
2. The total interest earned for the year is $211:
(annual interest rate * x) + (other interest rate * y) = 211 -- Equation 2
However, we are missing the interest rates. Could you please provide the interest rates for both accounts?