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You split $1500 between two savings accounts. Account A pays annual 5% interest and Account B pays 4% annual interest. After one year,you have earned a total of $69.50 in interest. How much money did you invest in each account?

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2 answers

  1. $950

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  2. amount at 5% --- x
    amount at 4% --- 1500-x

    .05x + .04(1500-x) = 69.50
    times 100
    5x + 4(1500-x) = 6950

    continue, its easy

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