Question

PLEASE ANSWER!! Last year, Elsa had $30,000 to invest. She invested some of it in an account that paid 10% simple interest per year, and she invested the rest in an account that paid 7% simple interest per year. After one year, she received a total of $2190 in interest. How much did she invest in each account?

Due by midnight

Answer 1

$3000 in 10% Simple interest account

$27000 in 7% Simple interest account

Explanation:

x+y = 30000

10%x+7%y = 2190