Question

Ken invests $6,000 into two accounts. One account earns 8% interest and the other earns 12% interest. After one year his total interest earned from the two accounts totals $580. How much did Ken invest in the 8% account?

Answer 1

2400

Explanation:

using simple ratio

we have Account A : account B as

8:12

2:3 .....the 8% account gets

2/5 × 6000

= 2× 1200 = 2400