SOLUTION: Chris invests a total of $10,000 in two accounts paying 10% and 11% annual interest, respectively. How much was invested in each account if, after one year, the total interest was
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Question 1050978: Chris invests a total of $10,000 in two accounts paying 10% and 11% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $1,075.00.
$______ was invented at 10% and
$______ was invented 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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