Helene invested a total of $1000 in two simple-interest bank accounts. One account paid 5% annual interest; the other paid 6% an

Question

3 years ago

5

Helene invested a total of $1000 in two simple-interest bank accounts. One account paid 5% annual interest; the other paid 6% an

nual interest. The total amount of interest she earned after 1 year was $58. Find the amount invested in each account? Show your work

Mathematics

1 answer:

kykrilka [37] · Answer 1 · 2022-05-09T08:26:54+03:00

kykrilka [37]3 years ago

3 0

<span>100% of $X plus 100% of $Y equals $1000 4% of $X plus 6% of $Y equals $58 To solve that clear the second equation of decimals by multiplying through by 100: Solve that by either substitution or by elimination: X = $100 at 4% and $900 at 6%</span>