Question

A person plans to invest a total of $9000 in an account that pays 3% annual interest and another account which pays 8% annual interest. How much should be invested in each account so that the total interest for one year will be $580.
amount at 3% --- x
amount at 8% --- 9000-x

.03x + .08(9000-x) = 580

solve for x

Related Questions

A woman has a total of $9000 to invest. She invests part of the money in an account that pays 7% per... You split $1500 between two savings accounts. Account A pays annual 5% interest and Account B pays...