SOLUTION: Dilbert invests a total of $20,000 in two accounts paying 10% and 2% annual interest, respectively. How much was invested in each account if, after one year, the total interest was

Question 1140001: Dilbert invests a total of $20,000 in two accounts paying 10% and 2% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $1,040.00.

Answer by math_helper(2461) (Show Source): You can put this solution on YOUR website!
Let x = amount in 2% yielding acct.
Then 20000-x = amount in 10% yielding acct.

(.02)(x) + (.10)(20000-x) = 1040
Multiply out, and solve for x, and 20000-x:
12000, 8000

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