SOLUTION: you invest a total of 3000 in two accounts paying 3% and 6% interest, respectively at the end of the year, tha accounts earn the same amount of interest. how much was invested alt

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: you invest a total of 3000 in two accounts paying 3% and 6% interest, respectively at the end of the year, tha accounts earn the same amount of interest. how much was invested alt       Log On


   

Question 630434: you invest a total of 3000 in two accounts paying 3% and 6% interest, respectively at the end of the year, tha accounts earn the same amount of interest. how much was invested alt each rate?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

total of 3000 in two accounts paying 3% and 6% interest

at the end of the year, tha accounts earn the same amount of interest



Let x represent the amount earned at the larger rate:

Question states***

  .06x = .03(3000-x) 



how much was invested at each rate:  solve for x and also determine (3000-x)