SOLUTION: Ms. Brown invested ​$24,000 in two​ accounts, one yielding 5​% interest and the other yielding 12​%. If she received a total of​ $1,900 in interest at
Algebra.Com
Question 1118746: Ms. Brown invested $24,000 in two accounts, one yielding 5% interest and the other yielding 12%. If she received a total of $1,900 in interest at the end of the year, how much did she invest in each account?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
At 5%: x
At 12%: 24000-x
0.05x + 0.12(24000-x) = 1900
0.05x + 2880-0.12x = 1900
-0.07x = -980
x = 14,000
Ms. Brown invested 14,000 at 5% and 24,000-14,000 = 10,000 at 12%
~~~~~~~~~~~~~~~~~
Check:
14,000(0.05) + 10,000(0.12) = 1,900
700 + 1,200 = 1,900 Correct
RELATED QUESTIONS
Ms. Brown invested $29,000 in two accounts. One yielding 6% interetst and the other... (answered by gwendolyn)
ms walsh invested $16000 in two accounts, one yielding 5% and the other yielding 12% if... (answered by josgarithmetic)
Esmeralda invested $46004600 in two stock plans. On one, the risky... (answered by ikleyn)
Ms. Brown invested $22000 in two accounts, one yielding 5% interest and the... (answered by ikleyn)
Ms. Burke invested $15,000 in two accounts, one yielding 5% interest and the other 12%.... (answered by checkley77)
Juanita has $24,000 to invest in two accounts that pay simple interest on an... (answered by lwsshak3)
Ms. Burke invested 20,000 in two accounts, one yielding 7% interest and the other one... (answered by greenestamps)
Ms. Jones invested $35, 000 in two accounts, one yielding 6% interest and the other... (answered by lwsshak3)
Tara paid one-half of her game-show winnings to the government for taxes.... (answered by Collinwilfixyouuprealnice)