SOLUTION: Kinsey has $1200 more in her checking account than she has in her savings account. Her checking account paid 3% interest and her savings account paid 5% interest. If she earned $96

Algebra ->  Customizable Word Problem Solvers  -> Travel -> SOLUTION: Kinsey has $1200 more in her checking account than she has in her savings account. Her checking account paid 3% interest and her savings account paid 5% interest. If she earned $96      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 812442: Kinsey has $1200 more in her checking account than she has in her savings account. Her checking account paid 3% interest and her savings account paid 5% interest. If she earned $96 in interest for one year, how was her money divided between the two accounts?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
a=b+1200,
.03a+.05b=96
a = 1950, b = 750