SOLUTION: Keegan invests $5500 in two different accounts. The first account paid 13 %, the second account paid 11 % in interest. At the end of the first year he had earned $629 in interest.
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Question 1050976: Keegan invests $5500 in two different accounts. The first account paid 13 %, the second account paid 11 % in interest. At the end of the first year he had earned $629 in interest. How much was in each account?
$_____ at 13%
$_____ at 11%
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
A person has 
currency units invested in 2 accounts.
One 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?
Let 
be the amount invested at percent. Then the amount invested at percent is 
, and:
\ =\ I)
Solve for , then calculate
John
My calculator said it, I believe it, that settles it
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