SOLUTION: a woman has money in two accounts. one account pays 6% annual interest, whereas the other pays 12% annual interest. if she has $500 more invested at 12% than she does at 6% and her
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Question 912896: a woman has money in two accounts. one account pays 6% annual interest, whereas the other pays 12% annual interest. if she has $500 more invested at 12% than she does at 6% and her total interest for the year is $186, how much does she have in each account?
How do I set up this problem?
You can put this solution on YOUR website! x amount at 12% (like to use the larger percent...in general, easier arithmetic)
.12x + .06(x-500) = 186
.18x = 216
x = $1200, amount at 12% . 700 at 6%
And..checking
$144 + $42 = $186
