uct of etic or on 11.3) ection 4.5) ou ral ote. (Section Peter invested $5,000 in two bank accounts. One of the accounts pays 12% annual interest, and the other account pays 10 % annual interest. If his total simple interest earned in both accounts after a year was $568, how much money was invested in each account?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter9: Systems Of Linear Equations
Section9.6: Wind And Water Current Problems
Problem 8P
icon
Related questions
Question

how do i solve this application ? step by step please 

uct of
etic or
on 11.3)
ection 4.5)
ou ral
ote. (Section
Peter invested $5,000 in two bank accounts. One of the accounts pays 12% annual
interest, and the other account pays 10 % annual interest. If his total simple interest
earned in both accounts after a year was $568, how much money was invested in
each account?
Transcribed Image Text:uct of etic or on 11.3) ection 4.5) ou ral ote. (Section Peter invested $5,000 in two bank accounts. One of the accounts pays 12% annual interest, and the other account pays 10 % annual interest. If his total simple interest earned in both accounts after a year was $568, how much money was invested in each account?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 7 steps with 4 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill