You have $12000 to invest into two accounts. One account pays 4% annual simple interest and the other pays 5%. If you earned $530 annual interest, how much did you invest in each account? Any help would be greatly appreciated! I really need help with the process.

Question

gorv · Answer

let you invested x in one account

gorv · Answer

reamain amount in second 
remain amount= 12000-x

gorv · Answer

now calculate interst on each

gorv · Answer

sum of interest = 530

gorv · Answer

$$530=\frac{ x*4*1 }{ 100 }+\frac{ (12000-x)*5*1 }{ 100 }$$

gorv · Answer

interest = (amount * rate*time )

gorv · Answer

now give it a try i  m here to helpu

anonymous · Answer

Ill right think you ill work it out now and ge back with you. thank you so much!

gorv · Answer

wlcm

anonymous · Answer

ok so i got 7000 for one account and 5000 for the other. does that sound right?

gorv · Answer

yepppppppppp