SOLUTION: A total investment of $9,600is made into two savings accounts. One account yields 5% simple interest and the other 6% simple interest. He earns a total of $539.00interest for the y

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Question 1130359: A total investment of $9,600is made into two savings accounts. One account yields 5% simple interest and the other 6% simple interest. He earns a total of $539.00interest for the year. How much was invested in the 5% account?

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Answer by MathTherapy(10549) About Me  (Show Source):
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A total investment of $9,600is made into two savings accounts. One account yields 5% simple interest and the other 6% simple interest. He earns a total of $539.00interest for the year. How much was invested in the 5% account?
Let the amount invested in account that yields 5%, be F

Then the amount invested in the account that yields 6% is 9,600 - F

We then get: .05F + .06(9,600 - F) = 539

Solve this for F, the amount invested in the account yielding 5% interest.

You should get an amount of: highlight_green%28%22%243%2C700%22%29