Question 59484
20K is the total amount invested
Let x = amount invested @ 11%
20K - x = amount invested @ 1%
{{{1540 = .11x + .01*(20000 - x)}}}
{{{1540 = .11x + 200 - .01x}}}
{{{1540 - 200 = .1x}}}
{{{x = 1340 / .1}}}
{{{x = 13400}}}
20K - x = amount invested @ 1%
{{{20000 - 13400 = 6600}}}
The amount invested in the savings account is $6,600