SOLUTION: Mr. Ramirez invests $27000 in two accounts, one earning 6% interest and the other earning 11% interest.
He receives $1,970 total interest at the end of the year. How much did he
Algebra ->
Customizable Word Problem Solvers
-> Numbers
-> SOLUTION: Mr. Ramirez invests $27000 in two accounts, one earning 6% interest and the other earning 11% interest.
He receives $1,970 total interest at the end of the year. How much did he
Log On
Question 809180: Mr. Ramirez invests $27000 in two accounts, one earning 6% interest and the other earning 11% interest.
He receives $1,970 total interest at the end of the year. How much did he invest in each account?
If you could, for me, please:
1. Define your variables. For example, x = account 1, y = account 2.
2. Write a system of two equations using your variables that models the problem.
3. Solve your system using substitution or addition.
Thank you! Answer by richwmiller(17219) (Show Source):
