Question 44287
A total of $6000 is deposited into two simple interest accounts. on one account th annual simple interest rate is 7.5% and on the second 11.4%. how much should be invested in the 11.4% account so that the total amount of interest is $528?
{{{0.075(x) + 0.114(6000 - x) = 528}}}
{{{0.075x + 684 - 0.114x = 528}}}
{{{-0.039x = -156}}}
{{{x = 4000}}} $4000 into 7.5%
{{{6000 - x = 2000}}} $2000 into 11.4%