Steve has $24,000 invested in two accounts. One earns 6% annual interest and the other earns 7%. After 1 year, his combined interest is $1635. How much was invested in each account?

1 answer

.06 x + .07 (24,000 -x) = 1635
-.01 x + 1680 =1635
-.01 x = - 45
x = 4500
24000 - x = 19,500
Similar Questions
    1. answers icon 1 answer
    1. answers icon 1 answer
  1. 1 of 101 of 10 Items00:38 Question Luke deposits $3,500 into each of two savings accounts. Account I earns 3% annual simple
    1. answers icon 3 answers
  2. Luke deposits $3,500 into each of two savings accounts.Account I earns 3% annual simple interest. Account II earns 3% interest
    1. answers icon 1 answer
more similar questions