SOLUTION: you invested $140,000 into two bank accounts one paid 2% interest and the other paid 6% interest you ended with $5,200 in interest. How much did you invest in each account?

Algebra ->  Finance -> SOLUTION: you invested $140,000 into two bank accounts one paid 2% interest and the other paid 6% interest you ended with $5,200 in interest. How much did you invest in each account?      Log On


   



Question 911255: you invested $140,000 into two bank accounts one paid 2% interest and the other paid 6% interest you ended with $5,200 in interest. How much did you invest in each account?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
.06x+ + .02(140,000 - x) = 5200
x = (5200 - 2800)/.04, amount at 6%
140000-x amount at 2%