Question

PLEASE HELP Joy invest a total of 6,500 in two accounts The first account earned a rate of return of 13% after year. However, the second account suffered a 10% loss in the same time period. At the end of one year, the total amount of money gained was -$75 how much was invested into each account

Answer 1

Answer:

First account= 2500

Second account= 4000

Step-by-step explanation:

Total amount invested: 6500

Amount in first account: x

Amount in second account: y

x+y=6500

1.13x+0.9y=6500-75=6425

You have two equation now just solve the system of equation through either substitution or elimination.

Then you'll get the answer

x= 2500

y= 4000