SOLUTION: Kathy deposits money in two accounts and will make no further deposits or withdrawals. One account pays 6% annual interest and the other pays 7% annual interest. She deposits $200

Algebra ->  Expressions -> SOLUTION: Kathy deposits money in two accounts and will make no further deposits or withdrawals. One account pays 6% annual interest and the other pays 7% annual interest. She deposits $200      Log On


   

Question 993438: Kathy deposits money in two accounts and will make no further deposits or withdrawals. One account pays 6% annual interest and the other pays 7% annual interest. She deposits $200 more in the account earning 7% interest than she does in the account earning 6% interest. The total interest that she will earn in one year is $79. How much money is Kathy depositing in the account earning 6% interest?
Answer by solver91311(24713) About Me  (Show Source):
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A person has currency units invested in one account and invested in a second account.

The first account earns percent interest, and the other account earns percent interest.

The two accounts earn a total of interest in one year.

How much is invested in each account?

is the amount invested at percent and the amount invested at percent is , and:



Substitute your values for , , , and , then solve for .

John

My calculator said it, I believe it, that settles it