SOLUTION: Two sisters split a $50,000 inheritance. The younger sister invested her share at 5% while her sister invested her share at 6%. After one year, the sisters had earned a total of $2

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Two sisters split a $50,000 inheritance. The younger sister invested her share at 5% while her sister invested her share at 6%. After one year, the sisters had earned a total of $2      Log On


   

Question 1119598: Two sisters split a $50,000 inheritance. The younger sister invested her share at 5% while her sister invested her share at 6%. After one year, the sisters had earned a total of $2730 in interest. How much did each sister inherit?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Let represent the amount invested at 6% and then must be the amount invested at 5%.

The amount of interest earned on the 6% investment is then and the amount earned on the 5% investment is , so:



Solve for and then calculate


John

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