SOLUTION: Lynn invests 10,000$. in one account, he earns 6% interest, in the other, he earns 4.5%. How much did he invest in each account if he makes 570$ in one year?
PLEASE HELP!!!!!!
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PLEASE HELP!!!!!!
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Question 95946: Lynn invests 10,000$. in one account, he earns 6% interest, in the other, he earns 4.5%. How much did he invest in each account if he makes 570$ in one year?
PLEASE HELP!!!!!!!!!!! Answer by checkley71(8403) (Show Source):
You can put this solution on YOUR website! .06X+.045(10000-X)=570
.06X+450-.045X=570
.015X=570-450
.015X=120
X=120/.015
X=8000 INVESTED @ 6%
10000-8000=2000 INVESTED @4.5%
PROOF
8000*.06+2000*.045=570
480+90=570
570=570
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