Question

Zhang invests $2600 in two different accounts. The first account paid 11 %, the second account paid

5 % in interest. At the end of the first year he had earned $220 in interest. How much was in each
account?

$ At 11%
$ At 5%

Answer 1

Explanation:

Zhang invests $2,600 in two different accounts. The first account paid 11%, the second account paid 5% in interest. At the end of the first year he had earned $220 in interest. How much was in each account?

11% = 0.11

in account 1: $220/0.11 = $2,000

in account 2: $2,600 - $2,000 = $600

$2,000 At 11%

$600 At 5%