Question

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?

Answer 1

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

Answer 2

$950