SOLUTION: Andy deposited a total of $2100 in two accounts, a savings account and an investment account. The savings account yields interest at an annual rate of 5%, and the investment acco

Question 295777: Andy deposited a total of $2100 in two accounts, a savings account and an investment
account. The savings account yields interest at an annual rate of 5%, and the investment
account yields interest at the annual rate of 6.5%. The total interest after one year
was $123. Determine how much Andy deposited in each account.
Answer by JBarnum(2146) (Show Source): You can put this solution on YOUR website!
u need to find the 2 equations so u can solve
"Andy deposited a total of $2100 in two accounts, a savings account and an investment account." meaning s=money in Savings account I=money in investment account
"The savings account yields interest at an annual rate of 5%, and the investment
account yields interest at the annual rate of 6.5%. The total interest after one year was $123." this says that this is because 5% of S is .05S and 6.5% of I is .065I and the combined total interest is 123.
so now that we have the 2 equations we can substitute and solve
or
substitute the S
distribute
add like terms
subtract 105
divide by .015

input I into first equation to solve for S

check answer with secound equation
imput values for S and I and solve

CORRECT

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