Question

You invested $9000 between two accounts paying 6% and 8% annual interest, respectively. If the total interest earned for the year was $649, how much was invested at each rate?

$____ was invested at 6% and $____ was invested at 8%.

Answer 1

Name the accounts!

S = Amount invested at 6%
E = Amount invested at 8%

Now, translate the problem statement in terms of S and E

"You invested $9000 between two accounts"

"the total interest earned for the year was $649"