SOLUTION: a man invested $ 10,000.00 in two different accounts. If one account pays 10% per year and the other 5% how much was invested if the total interest was $ 750.00?
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Question 879944
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a man invested $ 10,000.00 in two different accounts. If one account pays 10% per year and the other 5% how much was invested if the total interest was $ 750.00?
Answer by
ewatrrr(24785)
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Hi
.10x + .05(10000-x) = 750
x = 250/.05= $5000, amount at 10% and $5000 at 5%
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