# SOLUTION: Herschall has \$18,000 to invest. He invest 2/3 in one account and the rest in a second account. The first returned 2% more than the second account. The total return on his inves

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 Question 509209: Herschall has \$18,000 to invest. He invest 2/3 in one account and the rest in a second account. The first returned 2% more than the second account. The total return on his investment was \$1050. What were the percentage rates of the two accounts.Answer by stanbon(57323)   (Show Source): You can put this solution on YOUR website!Herschall has \$18,000 to invest. He invest 2/3 in one account and the rest in a second account. ---- (2/3)18000 = 12,000 (1/3)18000 = 6,000 ---- The first returned 2% more than the second account. The total return on his investment was \$1050. What were the percentage rates of the two accounts. ------------- Equation: interest + interest = 1050 12000x + 6000(x+0.02) = 1050 --- 12000x + 6000x + 120 = 1050 18000x + 120 = 1050 18000x = 930 x = 0.0517 = 5.17% (rate on the 12000) x+0.02 = 7.17% (rate on the 6000) ===================================== Cheers, Stan H. ================ ========================