SOLUTION: Peter has money in two savings accounts. One rate is 6% and the other is 14%. If he has $900$⁢900 more in the 14% account and the total interest is $221, how much is invested
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Question 1086849: Peter has money in two savings accounts. One rate is 6% and the other is 14%. If he has $900$900 more in the 14% account and the total interest is $221, how much is invested in each savings account?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x in the 6%
x+900 in the 14%
.06x+.14(x+900)=221
.06x+.14x+126=221
.20x=95
x=$475@6%=$28.50
x+900@14%=1375*0.14=$192.50
they add to to $221
$475 at 6%
$1375@14%
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