SOLUTION: Mrs. Jones invested 10,000, some in each of two separate accounts. one pays 5% interest and the other 6%.if her combined annual interest is \$575, how much does she have invested in

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: Mrs. Jones invested 10,000, some in each of two separate accounts. one pays 5% interest and the other 6%.if her combined annual interest is \$575, how much does she have invested in      Log On

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 Click here to see ALL problems on Money Word Problems Question 371147: Mrs. Jones invested 10,000, some in each of two separate accounts. one pays 5% interest and the other 6%.if her combined annual interest is \$575, how much does she have invested in each account?Answer by mananth(12270)   (Show Source): You can put this solution on YOUR website!let \$x be invested at 5% \$y be invested @6% .. interest = \$575 .. x+y = 10000.....................1 .. The percentage value is not taken. however the interest is multiplied by 100. the result is the same 5x+6y=575*100 5x+6y=57,500....................2 multiply equation 1 by -5 -5x-5y=-50,000 add this to (2) y=7500 \$7,500 invested @ 6% Balance \$2500 @ 5% .. m.ananth@hotmail.ca