SOLUTION: Tony invests $6000 in two different accounts. The first account paid 9 %, the second account paid 6 % in interest. At the end of the first year he had earned $465 in interest. How

Question 1176108: Tony invests $6000 in two different accounts. The first account paid 9 %, the second account paid 6 % in interest. At the end of the first year he had earned $465 in interest. How much was in each account?

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!


Hi
I = P*r*t
 465 = .09x + .06(6000-x)
 105/.03 = x = $3500 at 9%  and $2500 at 6%
Wish You the Best in your Studies.

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