SOLUTION: Chris invests a total of $10,000 in two accounts paying 10% and 11% annual interest, respectively. How much was invested in each account if, after one year, the total interest was

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Question 1050978: Chris invests a total of $10,000 in two accounts paying 10% and 11% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $1,075.00.
$______ was invented at 10% and
$______ was invented 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