Emma has money into savings accounts. One rate is 8% and the other is 12%. If she has $450 more in the 12% account and the total
interest is $220, how much is invested in each savings account?
1 answer:
A account 8% B account 12%
A+$450 = B (1)
Ax8% +Bx12%= $220
Ax0.08 + Bx0.12 = 220
Now we replace (1) on B:
Ax0.08 + (A+450)x0.12 = 220
Ax0.08 + Ax0.12 + 54 = 220
Ax0.2 = 166
A= 830.
Now we replace the value of A on equation (1):
830 + 450 = B
B = 1280
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