Question

this guy invested $10,000, part at 3% and part at 4% simple interest for a period of 1 year. how much was invested into each account if the interest earned in the 4% account was $246 greater than the 3% account?

Answer 1

.04x = .03(10000-x)+246

Answer 2

x = amount at 4%
10,000 -x = amount at 3%

I = Prt

Interest for amount at 4% is
.04x since time is 1.

Interest at 3% is .03(10000-x)

the 4% interest is $246 more

.04x = .03(10000-x) +246