## Tyler has two savings accounts that his grandparents opened for him. One of accounts pay 7 % annual interest, whereas the other pays 9 % ann

Question

Tyler has two savings accounts that his grandparents opened for him. One of accounts pay 7 % annual interest, whereas the other pays 9 % annual interest. you have $600 more invested 9% then you invested at 7% , how much do you have invested in each account if the total amount of interest you eam in a year is$118

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5 months 2021-08-22T07:30:20+00:00 1 Answers 4 views 0

$400 and$1,000

Step-by-step explanation:

Let us assume the x be the amount invested in 7% account

And, 600 + x be the amount invested in 9% account

Now the equation is

7x% + 9%(600 + x) = $118 0.07x + 54 + 0.09x =$118

0.16x = $118 -$54

0.16x = $64 x =$400

And, the other one is = $400 +$600 = \$1,000