SOLUTION: Kathy deposits money in two accounts and will make no further deposits or withdrawals. One account pays 6% annual interest and the other pays 7% annual interest. She deposits $200
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Question 993438: Kathy deposits money in two accounts and will make no further deposits or withdrawals. One account pays 6% annual interest and the other pays 7% annual interest. She deposits $200 more in the account earning 7% interest than she does in the account earning 6% interest. The total interest that she will earn in one year is $79. How much money is Kathy depositing in the account earning 6% interest?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
A person has 
currency units invested in one account and 
invested in a second account.
The first 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?
is the amount invested at percent and the amount invested at percent is , and:
\ =\ I)
Substitute your values for , , 
, and , then solve for .
John
My calculator said it, I believe it, that settles it
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