asked 121k views
3 votes
Melanie has $7,350 invested in two accounts. The first account earns 6% interest. The second account earns 10% interest. At the end of the year the two accounts earned Melanie a total of $555 in interest. Write and solve a system of equations to find how much was invested at each rate. Please Help (:

asked
User Kikiwora
by
8.4k points

1 Answer

5 votes
0.06x+0.10(7350-x)=555
Solve for x
X=4500 at 6%
7,350−4,500=2,850 at 10%
answered
User Glorimar
by
7.6k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.