# SOLUTION: Jose has \$30,000 that he puts into two accounts. The first account pays 8% simple interest and the second account pays 5% simple interest. At the end of one year, he has earned a

Algebra ->  Algebra  -> Equations -> SOLUTION: Jose has \$30,000 that he puts into two accounts. The first account pays 8% simple interest and the second account pays 5% simple interest. At the end of one year, he has earned a      Log On

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 Click here to see ALL problems on Equations Question 473945: Jose has \$30,000 that he puts into two accounts. The first account pays 8% simple interest and the second account pays 5% simple interest. At the end of one year, he has earned a total of \$2250 in interest. How much did he have in each account?Answer by jorel1380(2518)   (Show Source): You can put this solution on YOUR website!.08n+.05(30000-n)=2250 8n+5(30000-n)=225000 8n+150000-5n=225000 3n=75000 n=25000 30000-n=5000 \$25000 was invested at 8%, and \$5000 was invested at 5%..