SOLUTION: Juan invests a total of $26,000 in two accounts paying 13% and 15% annual interest, respectively. How much was invested in each account, if after one year, the total interest was 3

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Juan invests a total of $26,000 in two accounts paying 13% and 15% annual interest, respectively. How much was invested in each account, if after one year, the total interest was 3      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1120923: Juan invests a total of $26,000 in two accounts paying 13% and 15% annual interest, respectively. How much was invested in each account, if after one year, the total interest was 3,710.00. ______was invested at 13% and_____ was invested at 15%
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +x+ = amt invested @ 13%
+26000+-+x+ = amt invested @ 15%
覧覧覧覧覧覧覧覧覧
+.13x+%2B+.15%2A%28+26000+-+x+%29+=+3710+
+.13x+%2B+3900+-+.15x+=+3710+
+-.02x+=+3710+-+3900+
+-.02x+=+-+190+
+x+=+9500+
And
+26000+-+x+=+16500+
$9,500 was invested @ 13%
$16,500 was invested @ 15%