SOLUTION: Devonte invests $7200 in two different accounts. The first account paid 10 %, the second account paid 8 % in interest. At the end of the first year he had earned $618 in interest.
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Question 1101045: Devonte invests $7200 in two different accounts. The first account paid 10 %, the second account paid 8 % in interest. At the end of the first year he had earned $618 in interest. How much was in each account? Found 2 solutions by jorel1380, josmiceli:Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! Let n be the amount deposited at 10%, and 7200-n be tha amount at 8%. Then:
0.1n+.08(7200-n)=618
.02n=42
n=2100
$2100 was in the first account;
$5100 was in the second account
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You can put this solution on YOUR website!
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$2,100 was invested @ 10%
$5,100 was invested @ 8%
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