Last year, Deon had $20,000 to invest. He invested some of it in an account that paid 6% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year. After one year, he received a total of $1880 in interest. How much did he invest in each account?

Question

Last year, Deon had $20,000 to invest. He invested some of it in an account that paid 6% simple interest per year, and he invested the rest in an account that paid  10% simple interest per year. After one year, he received a total of $1880  in interest. How much did he invest in each account?

JJ · Answer

See if you can do this one. It is the same idea as what I just helped you with. Work it out and I will be happy to check your answer.

carmen · Answer

i first devide the percent to make it into a decial then i multiply the decimal with the amount in this case is 20,000 then I substract