SOLUTION: A man invests a certain amount of money at 2% interest and $800 more than that amount in another account at 4% interest. At the end of one year, he earned $112 in interest. How muc
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Question 287684: A man invests a certain amount of money at 2% interest and $800 more than that amount in another account at 4% interest. At the end of one year, he earned $112 in interest. How much money was invested in each account?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
.02x+.04*2x=112
.02x+.08x=112
.10x=112
x=112/.10
x=$1,120 invested @ 2%.
2*1,120=$2,240 amount invested @ 4%.
Proof:
.02*1,120+.04*2,240=112
22.4+89.6=112
112=112
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