# SOLUTION: Suppose a person invest a total of invests a total of \$12,000 in two accounts. One account earns 5% annually, and the other earns 6% annually. If the total interest earned from bot

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Suppose a person invest a total of invests a total of \$12,000 in two accounts. One account earns 5% annually, and the other earns 6% annually. If the total interest earned from bot      Log On

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 Word Problems: Money, Business and Interest Solvers Lessons Answers archive Quiz In Depth

 Click here to see ALL problems on Money Word Problems Question 720624: Suppose a person invest a total of invests a total of \$12,000 in two accounts. One account earns 5% annually, and the other earns 6% annually. If the total interest earned from both accounts in a year is \$690, how much is invested in each account?Answer by mananth(13127)   (Show Source): You can put this solution on YOUR website!Part I 5.00% per annum ---x * Part II 6.00% per annum ---y Total investment x + 1 y= 12000 -------------1 Interest on both investments 5.00% x + 6.00% y= 690 Multiply by 100 5 x + 6 y= 69000.00 --------2 Multiply (1) by -5 we get -5 x -5 y= -60000.00 Add this to (2) 0 x 1 y= 9000 divide by 1 y = 9000 - Part I 5.00% \$ 3000 Part II 6.00% \$ 9000 CHECK 3000 --------- 5.00% ------- 150.00 9000 ------------- 6.00% ------- 540.00 Total -------------------- 690.00 m.ananth@hotmail.ca