Question

$6,000 dollars is invested in two different accounts earning 3% and 5% interest. At the end of one year, the two accounts earned $220 in interest. How much money was invested at 3%?

Answer 1

Let the amount of money invested at 3% be x. Then the amount of money invested at 5% is (6000-x). Then set up the interest equations for the two accounts.

Answer 2

$3,000