168k views
4 votes
Invested 28, 000 in two accounts, one yielding 8% and the other at 9%. If i receive a total of 2,440 in intrest at the end of the year, how much did i invested in each account

User Eerriicc
by
6.0k points

1 Answer

3 votes

Answer:

8,000 in the 8% account

20,000 in the 9% account.

Explanation:

x + y = 28000

0.08 x + 0.09 y = 2440

0.08 x + 0.09 (28000 − x) = 2440

0.08 x + 2520 − 0.09 x = 2440

80 = 0.01 x

x = 8000

y = 20000

User Gaurawerma
by
5.0k points