SOLUTION: a total of 15600 was invested between two accounts: one paying 4% simple interest and the other paying 3% simple interest. after 1 year the total interest was $490. how much was in
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Question 662548: a total of 15600 was invested between two accounts: one paying 4% simple interest and the other paying 3% simple interest. after 1 year the total interest was $490. how much was invested?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
0.04x+0.03(15600-x=490
0.04x+468-0.03x=490
0.01x=490-468
0.01x=22
x=22/0.01
x=2200 at 4%
15600-2200=13400 at 3%
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