SOLUTION: a $5000 investment at an annual simple interest rate of 5.2% earned as much interest after one year as another investment in an account that earned 6.5% annual simple interest. How

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Question 906959: a $5000 investment at an annual simple interest rate of 5.2% earned as much interest after one year as another investment in an account that earned 6.5% annual simple interest. How much was invested at 6.5%?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
x+y=5000
x=5000-y
.052x=.065y
.052(5000-y)=.065y
.052*5000-.052*y=.065y
260=.117y
260/.117=y
y=2222.22
x=2777.78
check
.052*2777.78=144.44
.065*2222.22=144.44
ok