Question

A man invests a certain amount of money at 2% interest and $800 more than that amount in another account at 4% interest. At the end of one year, he earned $92 in interest. How much money was invested in each account?

$1,500 at 2%; $2,300 at 4%
$1,400 at 2%; $2,200 at 4%
$1,000 at 2%; $1,800 at 4%

Answer 1

x * .02 + (x + 800) * .04 = 92

.02x + .04x + 32 = 92

.06x = 60

x = 1000

1000 * 2% and 1800 at 4%

Hope this helps!

Answer 2

thank you VERY much

Answer 3

welcome :)