SOLUTION: while trying to save for a new house, $27,000 was invested. Part of the money was invested in an account that earned 10% interest per year, and the rest was invested in an account

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Question 1022120: while trying to save for a new house, $27,000 was invested. Part of the money was invested in an account that earned 10% interest per year, and the rest was invested in an account that earns 8% interest per year. The total interest earned throughout the year is 2,500. determine the amount invested into each account
Answer by solver91311(24713)   (Show Source): You can put this solution on YOUR website!


A person has currency units invested in 2 accounts.

One account earns percent interest, and the other account earns percent interest.

The two accounts earn a total of interest in one year.

How much is invested in each account?

Let be the amount invested at percent. Then the amount invested at percent is , and:



Solve for , then calculate

John

My calculator said it, I believe it, that settles it

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