A total of $13,000 is invested in two accounts. One of the two accounts pays 7% per year, and the other account pays 13% per year. If the total interest paid in the first year is $1,390, how much was invested in each account?

Question

A total of $13,000 is invested in two accounts. One of the two accounts pays 7% per year, and the other account pays 13% per year. If the total interest paid in the first year is $1,390, how much was invested in each account?
account paying 7%   	$
account paying 13%   	$

Reiny · Answer

amount invested at 7% --- x amount invested at 13% --- 13000-x .07x + .13(13000-x) = 1390 solve for x btw, it is college, not collage a collage is an arrangement of pictures

Anonymous · Answer

432