SOLUTION: Skyler invests $4700 in two different accounts. The first account paid 5 %, the second account paid 6 % in interest. At the end of the first year he had earned $271 in interest. Ho
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Question 1129562: Skyler invests $4700 in two different accounts. The first account paid 5 %, the second account paid 6 % in interest. At the end of the first year he had earned $271 in interest. How much was in each account?
at 5%-
at6%-
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
If 
currency units are invested in two accounts, one yielding 
percent interest per annum and the other yielding 
percent interest per annum, and the total interest earned in one year is 
currency units, and further if the amount invested in the first account is 
currency units, then the following relation must hold:
x\ +\ \(\frac{r_2}{100}\)\(A\ -\ x\)\ =\ i)
Plug in your numbers and do the arithmetic.
John
My calculator said it, I believe it, that settles it
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