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
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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) (Show Source):
You can put this solution on YOUR website! Let = amount invested in 1st account = amount invesed in 2nd account
The 1st account earns
for the 1st year
The 2nd account earns
for the 1st year
Total interest earned is:
Solve for , then find: and