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5 March, 18:26

Investing a woman has money in two accounts. one account pays 6% annual interest, whereas the other pays 12% annual interest. if she has $500 more invested in 12% than she does at the 6% and her total interest for a year is $186, how much does she have in each account

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  1. 5 March, 18:45
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    0.06x + 0.12 (500+x) = 186

    0.06x + 60 + 0.12x = 186

    0.18x = 126

    x = 700

    She invested $700 in the 6% account, and $1200 in the 12% account.
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