<PRE><B>Question 977237</B>
Close but not quite
Total amount of money invested: $60000
x+y=60000,
Total yearly interest for the two accounts is: $6600
0.12*x+0.1*y=6600
x=60000-y
Substitute for x
0.12*(60000-y)+0.1*y=6600
Multiply out
7200-0.12*y+0.1*y=6600
Combine like terms.
-0.02*y=-600
Isolate y
y=$   30000.00 at 10% earns $3000 interest
x=60000-y
Calculate x
x=$   30000.00 at 12% earns $3600 interest
Check
0.12*30000+0.1*30000=6600
3600+3000=6600
6600=6600
If 6600=6600 is TRUE and neither x nor y  is negative then all is well
codeint1

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