SOLUTION: Lydia has money in two savings accounts. One rate is 6% and the other is 14%. If she has $950 more in the 14% account and the total interest is $318, how much is invested in each s
Algebra.Com
Question 301214: Lydia has money in two savings accounts. One rate is 6% and the other is 14%. If she has $950 more in the 14% account and the total interest is $318, how much is invested in each savings account?
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
let amount invested in 6% account be x
in 14% account it will be x+950
0.06x+0.14(x+950)= 318
0.06x + 0.14x + 133=318
0.2x=185
x= 185/0.2
= $925 invested in 6% account
925+950= 1875.
$ 1875 is invested in 14% account
RELATED QUESTIONS
Lydia has money in two savings accounts. One rate is 7% and the other is 14%. If she has... (answered by mananth)
Lydia has money in two savings accounts. One rate is 5% and the other is 10%. If she... (answered by macston)
Lydia has money in two savings accounts. One rate is 5% and the other is 15%. If she has... (answered by jorel555)
Robert has money in two savings accounts. One rate is 6% and the other is 14%. If he... (answered by fractalier)
Peter has money in two savings accounts. One rate is 6% and the other is 14%. If he has... (answered by Boreal)
Kevin has money in two savings accounts. One rate is 13% and the other is 14%. If he has... (answered by jorel555)
Peter has money in two savings accounts. One rate is 10% and the other is 15%. If he has... (answered by mananth)
Jessica has money in two savings accounts. One rate is 5% and the other is 6%. If she has (answered by josgarithmetic)
Jessica has money in two savings accounts. One rate is 6%
and the other is 9%. If she... (answered by mananth,josgarithmetic)