document.write( "Question 902080: Tony has a total of 12,500 in two accounts. One account pays 2% simple interest per year and the other pays 5% simple interest. If he earned $370 in interest in the first year, how much did he invest in each account? \n" ); document.write( "
Algebra.Com's Answer #547071 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! x+y=12500, \n" ); document.write( "0.02*x+0.05*y=370 \n" ); document.write( "x=12500-y \n" ); document.write( "0.02*(12500-y)+0.05*y=370 \n" ); document.write( "250-0.02y+0.05*y=370 \n" ); document.write( "0.03*y=120 \n" ); document.write( "y=4000 at 5% \n" ); document.write( "x=12500-y \n" ); document.write( "x=8500 at 2% \n" ); document.write( "check \n" ); document.write( "0.02*8500+0.05*4000=370 \n" ); document.write( "170+200=370 \n" ); document.write( "370=370 \n" ); document.write( "ok \n" ); document.write( " \n" ); document.write( " |