SOLUTION: Keegan invests $5500 in two different accounts. The first account paid 13 %, the second account paid 11 % in interest. At the end of the first year he had earned $629 in interest.

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Question 1050976: Keegan invests $5500 in two different accounts. The first account paid 13 %, the second account paid 11 % in interest. At the end of the first year he had earned $629 in interest. How much was in each account?
$_____ at 13%
$_____ at 11%

Answer by solver91311(24713) About Me  (Show Source):
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A person has currency units invested in 2 accounts.

One account earns percent interest, and the other account earns percent interest.

The two accounts earn a total of interest in one year.

How much is invested in each account?

Let be the amount invested at percent. Then the amount invested at percent is , and:



Solve for , then calculate

John

My calculator said it, I believe it, that settles it