Angelo invested
$4,000
into two accounts. One account paid
4%
interest and the other paid
9%
interest. He earned
6%
interest on the total investment. How much money did he put in each account?

Respuesta :

Answer:

The amount invested in account that paid 4% was $2,400

The amount invested in account that paid 9% was $1.600

Step-by-step explanation:

Let

x -----> amount invested in account that paid 4%

(4,000-x) -----> amount invested in account that paid 9%

we know that

The linear equation that represent this scenario is

[tex]x(0.04)+(4,000-x)(0.09)=4,000(0.06)[/tex]

Solve for x

[tex]0.04x+360-0.09x=240[/tex]

[tex]0.09x-0.04x=360-240[/tex]

[tex]0.05x=120[/tex]

[tex]x=\$2,400[/tex]

[tex](4,000-x)=4,000-2,400=\$1,600[/tex]

therefore

The amount invested in account that paid 4% was $2,400

The amount invested in account that paid 9% was $1.600

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