SOLUTION: You invest $6000 in two accounts paying 6% and 9% annual interest. At the end of the year, the accounts earn the same interest. How mush was invested at each rate? I can't figure

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: You invest $6000 in two accounts paying 6% and 9% annual interest. At the end of the year, the accounts earn the same interest. How mush was invested at each rate? I can't figure      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 405425: You invest $6000 in two accounts paying 6% and 9% annual interest. At the end of the year, the accounts earn the same interest. How mush was invested at each rate?
I can't figure out how you find the total. I set the problem up like this. I know I am missing how to get the total amount
.06x + (6000-x).09 = What? How do I find this? I can solve the problems when given the total. Can you show me how to get the total

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi, Good work setting up the .06x and .09($6000-x)
"At the end of the year, the accounts earn the 'same' interest"
Writing as we Read:
.06x =.09($6000-x)
solving for x
.06x + .09x = .09*$6000
x = .09*$6000/.15
x = $3600, is invested at 6%. $2400 invested at 9% ($6000-$3600)
CHECKING our Answer***
.06*$3600 = .09*$2400