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Mr. Walker invested $65,100 in two banks, one paying 4.5% and the other 6%. If he gets $231 more on the 6% investment than that on the 4.5% investment, find the total annual income from the banks. URGENT
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Mr. Walker invested $65,100 in two banks, one paying 4.5% and the other 6%. If he gets $231 more on the 6% investment than that on the 4.5% investment, find the total annual income from the banks. URGENT PLS <3

User Jenkizenki
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1 Answer

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0.06x=0.045(65100-x)+231
Solve for x
X=30100
Find the amount of interest in each account
0.06(30100)=1806 first account
0.045(65100-30100)=1575 sec account
Total interest=1,806+1,575=3,381

User Jerome Dalbert
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