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21 May, 00:54

Invested 28, 000 in two accounts, one yielding 8% and the other at 9%. If i receive a total of 2,440 in intrest at the end of the year, how much did i invested in each account

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  1. 21 May, 01:20
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    8,000 in the 8% account

    20,000 in the 9% account.

    Step-by-step explanation:

    x + y = 28000

    0.08 x + 0.09 y = 2440

    0.08 x + 0.09 (28000 - x) = 2440

    0.08 x + 2520 - 0.09 x = 2440

    80 = 0.01 x

    x = 8000

    y = 20000
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