Question 1150710: Dilbert invests a total of $22,500 in two accounts paying 6% and 14% annual interest, respectively. How much was invested in each account if, after one year, the total interest was $2,510.00.
Answer by ikleyn(52855)   (Show Source):
You can put this solution on YOUR website! .
I just solved ENOUGH TWIN problems of the same type for you today.
Look in them; learn from them, enjoy and have fun.
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It is a standard and typical problem on investments.
If you need more details, or if you want to see other similar problems solved by different methods, look into the lesson
- Using systems of equations to solve problems on investment
in this site.
You will find there different approaches (using one equation or a system of two equations in two unknowns), as well as
different methods of solution to the equations (Substitution, Elimination).
Also, you have this free of charge online textbook in ALGEBRA-I in this site
- ALGEBRA-I - YOUR ONLINE TEXTBOOK.
The referred lesson is the part of this online textbook under the topic "Systems of two linear equations in two unknowns".
Save the link to this online textbook together with its description
Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson
to your archive and use it when it is needed.
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