SOLUTION: Ms. Sidher invests a total of $18000 into two accounts bearing simple interest; one account bears 5% and the other bears 8%. If she earns $1260 in the interest for the year, how mu

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Question 356509: Ms. Sidher invests a total of $18000 into two accounts bearing simple interest; one account bears 5% and the other bears 8%. If she earns $1260 in the interest for the year, how much did she invest in the account that earns 8%?
I tried this one and got the equation .08x + .05(18000-x)= 1260 x= $12000
Ms. Sidher invested $12000 in the account that earns 8%. Is this correct?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
0.08x+0.05(18000-x)=1260
0.08x+900-0.05x=1260
0.03x=360
x=12,000 at 8%
looks good to me.
Bob