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?

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?

Reiny · Answer

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

maya · Answer

$950