SOLUTION: You spilt $1500 between two savings aaccounts. Acount A pays annual 5% interest and Account B pays 4% interest. After one year, you have earned a total of $69.50 in interest. How m
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-> SOLUTION: You spilt $1500 between two savings aaccounts. Acount A pays annual 5% interest and Account B pays 4% interest. After one year, you have earned a total of $69.50 in interest. How m
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Question 915086: You spilt $1500 between two savings aaccounts. Acount A pays annual 5% interest and Account B pays 4% interest. After one year, you have earned a total of $69.50 in interest. How much money did you invest in each account?
This problem needs to be solved by system of equations. I tried solving it by using the two equations:
0.05A+0.04B= ?
A+B=69.50
But I couldn't decide if the percentages would add up to 1500, so I erased it all and started over.
Could you please help me?
Thank you (: Answer by richwmiller(17219) (Show Source):
