SOLUTION: $7500 is in two savings accounts. one account earns 4% interest per year, the other earns 2.5% per year. total earned interest after one year is $132.50, how much was deposited in
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Question 317380: $7500 is in two savings accounts. one account earns 4% interest per year, the other earns 2.5% per year. total earned interest after one year is $132.50, how much was deposited in each account?
Answer by nyc_function(2741) (Show Source): You can put this solution on YOUR website!
x + y = 7500
0.04x + 0.025y = 132.50
You have two equations in two variables.
Can you finish now?
Use the substitution method to find x and y.
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