Matthew invested $3,000 into two accounts. One account paid 3% interest and the other paid 8% interest. He earned 4% interest on the total investment. How much money did he put in each account?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...
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Matthew invested $3,000 into two accounts. One account paid 3% interest and the other paid 8% interest. He earned 4% interest on the total investment. How much money did he put in each account?
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Given:-

Matthew invested $3,000 into two accounts

One account paid 3% interest and other paid 8% Interest

Total Interest on the total investment is 4%

How much money did he put in each account?

 

Now, Let he put money in one account x and other account is y,

 

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