Question

Kyle invests $11200 in two different accounts. The first account paid 10 %, the second account paid
7 % in interest. At the end of the first year he had earned $958 in interest. How much was in each
account?
$____at 10 %
$____at 7 %

Answer 1

Answer:

Kyle invested 5,800 at 10% and 5,400 at 7%.

Step-by-step explanation:

Let x be the amount Kyle invests in the 10% account.

0.1x + 0.07(11200 - x) = 958

0.1x + 784 - 0.07x = 958

0.03x = 174

x = 5800