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Mike deposited $6500 into two saving accounts bearing simple interest. One of the accounts has an interest rate of 3% while the other rate is 6%. If the total interest earned after one year is $225, find the amount deposited into each of the accounts.
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lets put \(x\) as the amount deposited earning 6%. then since the total is $6500 the amount deposited at 3% is \(6500-x\) interest earned is therefore \[.06x+.03(6500-x)=225\] solve for \(x\)
probably easier to get rid of annoying decimal by multiplying both sides by 100 and solving \[6x+2(6500-x)=22500\]
so the answer is 100? :) or not?
or is the answer 2375? (i followed your formula) the first did 1000, this one did 2375?... :|
i solved for x, i get 2375?!
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