SOLUTION: I have 40000 invested in two accounts, one earns 2.5 simple interest and the other 4 simple interest. The total earned interest is 1330 after one year. How much is invested in the

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: I have 40000 invested in two accounts, one earns 2.5 simple interest and the other 4 simple interest. The total earned interest is 1330 after one year. How much is invested in the       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 987266: I have 40000 invested in two accounts, one earns 2.5 simple interest and the other 4 simple interest. The total earned interest is 1330 after one year. How much is invested in the two accounts.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +x+ = amount invested in 1st account
+40000+-+x+ = amount invesed in 2nd account
The 1st account earns +.025x+
for the 1st year
The 2nd account earns +.04%2A%28+40000+-+x+%29+
for the 1st year
Total interest earned is:
+1330+=+.025x+%2B+.04%2A%28+40000+-+x+%29+
Solve for +x+, then find:
+x+ and
+40000+-+x+