Question

You invest $15,000 into two different accounts. One of the accounts has 4% interest and the other has 3.2% interest. After one year, you have accumulated a total of $545.60 in interest. How much was initially invested in the account with 4% interest?

Answer 1

Answer:

(4%) ... $8200

Step-by-step explanation:

x + y = 15000

.04x + .032y = 545.60

y = 15000 - x

.04x + .032(15000 - x) = 545.60

.008x = 65.6

x=8200