SOLUTION: You have 14400 to invest in two accounts paying 8% and 10% annual interest. at the end of the year they earn the same amount of money. How much money is in each?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: You have 14400 to invest in two accounts paying 8% and 10% annual interest. at the end of the year they earn the same amount of money. How much money is in each?      Log On


   

Question 808352: You have 14400 to invest in two accounts paying 8% and 10% annual interest. at the end of the year they earn the same amount of money. How much money is in each?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
a+b=14400,
.08a=.1b
a=8000., b=6400.
640 was earned in interest by each