A woman has a total of $13,000 to invest. She invests part of the money in an account that pays 11% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is $1480, how much did she invest in each account?

11%: $ ________
12%: $________

Question

A woman has a total of $13,000 to invest. She invests part of the money in an account that pays 11% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is $1480, how much did she invest in each account?

11%: $ ________
12%: $________

anonymous · Answer

say you invest X as the amount at 11% then remaining amount available for investmetn is 13000-x

anonymous · Answer

use I = pnr/100 , where 11, 1, Interest =I= 1480, and p=amount =x
form an equation

anonymous · Answer

form 2 equations, in second equation the amount or principal is 13000-x

anonymous · Answer

rate of interest = 12, and remeber the total interset is 1480 (i.e. combined intesrest at 11 and 12 percent_