SOLUTION: Last year, Dan had $30,000 to invest. He invested some of it in an account that paid 5% simple interest per year, and he invested the rest in an account that paid 10% s

Question 1046845: Last year, Dan had
$30,000
to invest. He invested some of it in an account that paid
5%
simple interest per year, and he invested the rest in an account that paid
10%
simple interest per year. After one year, he received a total of
$1950
in interest. How much did he invest in each account?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Some at 5%, rest at 10%
Use .05 and .10 for the Arithmetic
Let x be the amount at 10%
.10x + .05(30000 - x) = 1950
.05x = 1950 - 1500
x = 450/.05
x = $9000, the amount at 10%. = $21,000 at 5%
CHECK...
$900 + $1050 = $1950
RELATED QUESTIONS
Last year, Dan had $10,000 to invest. He invested some of it in an account that paid 5%... (answered by josgarithmetic,greenestamps)

Last year, Carlos had $30,000 to invest. He invested some of it in account that paid 10%... (answered by greenestamps)

Last year, Michael had $20,000 to invest. He invested some of it in an account that paid... (answered by ikleyn)

Last year, Kareem had $10,000 to invest. He invested some of it in an account that paid... (answered by ikleyn)

Last year, Lucy had $10,000 to invest. He invested some of it in an account that paid 9%... (answered by ikleyn)

Last year, Sam had 30,000 to invest. He invested some of it in an account that paid 5%... (answered by mananth)

Last year, Carlos had 20000 to invest. He invested some of it in an account that paid 9% (answered by mananth)

Last year, Jim had $20,000 to invest. He invested some of it in an account that paid (answered by solver91311)

Last year, Tony had $20,000 to invest. He invested some of it in an account that paid... (answered by jorel555,advanced_Learner)