SOLUTION: A woman earns $1,400 in interest from two accounts in a year. If she has three times as much invested at 8% as she does at 4%, how much does she have in each account?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A woman earns $1,400 in interest from two accounts in a year. If she has three times as much invested at 8% as she does at 4%, how much does she have in each account?      Log On

 

Hi,

.08(3x) + .04x = $1400

           .28x = 1400

              x = $5000 at 4%  and $15,000 at 8%