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Theodore invests a total of $19,500 in two accounts paying 8% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $2,400.00

A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use x as your variable to represent the amount of money invested in the account paying 8% simple interest.

User ArcticLord
by
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1 Answer

4 votes

Answer:


x+y=19500,\:0.08x+0.15y=2400\quad :\quad x=7500,\:y=12000

Explanation:

x + y = 19500

.08x + .15y = 2400

User Fauzia
by
5.6k points
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