SOLUTION: Tyler has two saving accounts. One of the accounts pays 7% annual interest,the other account pays 9% annual interest. If you have $400.00 more invested at 9% than you invested at 7
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Question 1068367: Tyler has two saving accounts. One of the accounts pays 7% annual interest,the other account pays 9% annual interest. If you have $400.00 more invested at 9% than you invested at 7%,how much do you have invested in each account if the total amount of interest you earn in a year is $68.00
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
0.07x+0.09(x+400) = 68
0.07x+0.09x+36 = 68
0.16x = 32
x = 200
Tyler has 200 invested at 7% and 200+400= 600 invested at 9%
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Check:
0.07 * 200 = 14
0.09 * 600 = 54
Total . . . 68 Correct
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