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A total of $5000 was invested in two accounts. One pays 5% annual interest, and the second pays 7% annual interest. If the first-year interest is $325, how much was invested in each account?
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Feb 23, 2018
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A total of $5000 was invested in two accounts. One pays 5% annual interest, and the second pays 7% annual interest. If the first-year interest is $325, how much was invested in each account?
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TimY
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Sent a picture of the solution to the problem (s). We end up with 2 equation. .05x +.07y=325 which show the total interest of both account , and x+y=5000. Used system of equations.
Jerine
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Mar 1, 2018
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