SOLUTION: Jessica has money in two savings accounts. One rate is 5% and the other is 6%. If she has $600 more in the 6% account and the total interest is $69, how much is invested in each sa

Algebra ->  Average -> SOLUTION: Jessica has money in two savings accounts. One rate is 5% and the other is 6%. If she has $600 more in the 6% account and the total interest is $69, how much is invested in each sa      Log On


   

Question 1196781: Jessica has money in two savings accounts. One rate is 5% and the other is 6%. If she has $600 more in the 6% account and the total interest is $69, how much is invested in each savings account?
Answer by josgarithmetic(39618) About Me  (Show Source):
You can put this solution on YOUR website!
Incomplete information about the interest and how compounded. Might intend to be 1 year of interest and one year compounding period.

0.05%2Am%2B0.06%28m%2B600%29=69
-
5m%2B6m%2B6%2A600=6900
11m%2B3600=6900
.
m=300----------------at 5%
and
m%2B600=900------------at 6%