Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Promoted
Math hw question that I'm having trouble with?
Mr. Wilson invested money in two accounts. His total investment was $17,000. If one account pays 8% in interest and the other pays 12% in interest, how much does he have in each account if he earned a total of $1,600 in interest in 1 year?
1 Answer
Relevance
- 037 GLv 68 years agoFavorite Answer
if one amount is x then the other is 17000 - x
x(0.12) + 0.08(17000-x) = 1600
solve for x
0.12x - 0.08x + 1360 = 1600
0.2x = 240
x = 1200
So $1200.00 was invested @ 12%
and $15,800 was invested @ 8%
Still have questions? Get your answers by asking now.