Question

Jodi infested 4400 less in account paying 4% simple interest then she did in the account paying 2% simple interest. at the end of the first year, the total interest from both accounts was $592 find the amount invested in each account​

Answer 1

9514 1404 393

Answer:

• $8400 at 4%
• $12800 at 2%

Explanation:

Let x represent the amount Jodi invested at 4%. Then x+4400 is the amount she invested at 2%. Her total interest is ...

0.04x + 0.02(x +4400) = 592

0.06x +88 = 592

0.06x = 504

x = 8400

x +4400 = 12,800

Jodi invested $8,400 at 4% and $12,800 at 2%.