SOLUTION: Solve the following problem using two variables and a system of two equations. Solve the system by the method of your choice. Ms. Jones invested ​$27,000 in two​ accounts, one

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Question 1148836: Solve the following problem using two variables and a system of two equations. Solve the system by the method of your choice.
Ms. Jones invested ​$27,000 in two​ accounts, one yielding 6​% interest and the other yielding 12​%. If she received a total of​ $2220 in interest at the end of the​ year, how much did she invest in each​ account?

Answer by ikleyn(52855)   (Show Source): You can put this solution on YOUR website!
.
It is a standard and typical problem on investments.

In this site, there is a lesson explaining on how to solve similar problems on investments
    - Using systems of equations to solve problems on investment


All typical versions of such problems are covered there, with all basic algebra methods of their solutions.

If you want to learn this subject, take it from this lesson. You then will be able to easily solve them on your own.

Also,  you have this free of charge online textbook in ALGEBRA-I in this site
    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.

The referred lesson is the part of this online textbook under the topic  "Systems of two linear equations in two unknowns".

In this topic,  you will find tons of typical word problems to solve with the use of systems of linear equations.

Save the link to this online textbook together with its description

Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson

to your archive and use it when it is needed.


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