Problem Page Last year, Donna had $30,000 to invest. She invested some of it in an account that paid 9% simple interest per year, and she invested the rest in an account that paid 6% simple interest per year. After one year, she received a total of $1950 in interest. How much did she invest in each account?

Respuesta :

Answer:

The money invested in the account 1 was $25,000 and in the account 2 was 5,000.

Step-by-step explanation:

In this case we can formulate a system of equations that could find the amount invested in each account, this is:

Money invested in the account 1 is A

Money invested in the account 2 is B

Eq. 1: [tex]A+B=30,000[/tex]

Eq. 2: [tex]\frac{9}{100} *A+\frac{6}{100} *B=1,950[/tex]

Replacing the equation 1 in 2, this is:

[tex]\frac{9}{100} *(30,000-B)+\frac{6}{100} *B=1,950

Clearing the value of B:

[tex]2,700-0.09B+0.06B=1,950[/tex]

[tex]2,700-1,950=0.09B-0.06B[/tex]

[tex]750=0.03B[/tex]

[tex]B=\frac{750}{0.03}[/tex]

[tex]B=25,000[/tex]

Now, we can find A:

[tex]A=30,000-B\\A=30,000-25,000\\A=5,000[/tex]

The money invested in the account 1 was $5,000 and in the account 2 was 25,000.