Question

$5,000 is invested in two different accounts yielding 3% and 3.5% interest. The interest earned on the two accounts is $155. Let x and y represent the two amounts invested. Complete the equation.

Answer 1

5000(1.3x) + 5000 (1.35x)

Explanation:

Answer 2

5000(1.3x) + 5000 (1.35x)

Explanation:

5000 is the amount being put in the accounts, the constant. You add 1 to the decimal amounts because 0.3x represents a decrease and these are increasing. Do that to both and that's your equation.