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

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    2021-08-22T07:32:18+00:00

    Answer:

    $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

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