SOLUTION: a person has 80,000 to invest in two accounts. one account pays 6% interest, the other 7.5%. assume that x dollars are invested in the 6% account. write a linear equation to determ

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: a person has 80,000 to invest in two accounts. one account pays 6% interest, the other 7.5%. assume that x dollars are invested in the 6% account. write a linear equation to determ      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 831363: a person has 80,000 to invest in two accounts. one account pays 6% interest, the other 7.5%. assume that x dollars are invested in the 6% account. write a linear equation to determine the total amount of annual interest
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
interest = 6%x + 7.5%(80000-x)