SOLUTION: Tory has two saving accounts. Account A starts with $197 and Account B starts with $521. Each month, he withdraws $6 from Account B and invests $30 in Account A. How many dollars d

Question 1097350: Tory has two saving accounts. Account A starts with $197 and Account B starts with $521. Each month, he withdraws $6 from Account B and invests $30 in Account A. How many dollars does he have in both accounts, combined, when the accounts have the same value?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Tory has two saving accounts. Account A starts with $197 and Account B starts with $521. Each month, he withdraws $6 from Account B and invests $30 in Account A. How many dollars does he have in both accounts, combined, when the accounts have the same value?
-----
A amount:: 197+30x
B amount:: 521-6x
------------------------
Equation:
197+30x = 521-6x
36x = 324
x = 9 months
------
Ans:: 197+30x = 197+30*9 = $467
521-6*x = 521-6*9 = 467
----------------
Cheers,
Stan H.
--------------
RELATED QUESTIONS
Ralph invests $15,600 into two accounts;a saving account and checking account.The savungs (answered by mananth)

i need help with this problem Stephen has $40,000 to invest in two accounts and one... (answered by richwmiller)

Carly invested a total of 10,000 into two separate accounts one account pay 6% interest... (answered by ikleyn)

1) An account starts with a value of $5,900. It earns 6.3%, compounded monthly. $200 is... (answered by Theo,MathTherapy)

Kindu has $500 in his Bank of Guam savings account at the beginning of the school year.... (answered by richwmiller)

A bank account starts with $700 and earns an annual interest rate of 6%. Use the... (answered by Theo)

What kind of function is described in the following word problem? Luke starts with... (answered by Alan3354)

For each question, define your variables, write a system of equations, and solve.... (answered by greenestamps)

Samuel has a total of $1639 in two different savings accounts. Last year, one saving... (answered by ankor@dixie-net.com)