SOLUTION: Mr.Wilson invested money into two accounts. His total investment was $20,000. If one account pays 5% in interest and the other pays 3% in interest, how much does he have in each ac

Algebra ->  Finance -> SOLUTION: Mr.Wilson invested money into two accounts. His total investment was $20,000. If one account pays 5% in interest and the other pays 3% in interest, how much does he have in each ac      Log On


   



Question 1147831: Mr.Wilson invested money into two accounts. His total investment was $20,000. If one account pays 5% in interest and the other pays 3% in interest, how much does he have in each account if he earned a total of $680 in interest in 1 year.
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
x at 5%
20000-x at 3%
0.05x%2B0.03%2820000-x%29=680
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