SOLUTION: Ms. Brown invested $22000 in two accounts, one yielding 5% interest and the other yielding 9%. If she received a total of $1580 in interest at the end of the year
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Question 1148838: Ms. Brown invested $22000 in two accounts, one yielding 5% interest and the other yielding 9%. If she received a total of $1580 in interest at the end of the year, how much did she invest in each account?
Answer by ikleyn(52817) (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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