Question

You invested ​$26,000 in two accounts paying 2% and 3% annual​ interest, respectively. If the total interest earned for the year was $730, how much was invested at each​ rate?

Answer 1

Answer:

You invested $22,000 in two accounts paying 3% and 5% annual interest, respectively. If the total interest earned for the year was $980, how much was invested at each rate?

Step-by-step explanation:

let x=amt invested at 3% rate of interest.

22000-x=amt invested at 5% rate of interest.  

.03x+.05(22000-x)=980

.03x+1100-.05x=980

.02x=120

x=6000

22000-x=16000

amt invested at 3% rate of interest=$6,000

amt invested at 5% rate of interest=$16,000

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