$5,000 is invested in two different accounts yielding 3% and 3.5% interest. The interest earned on the two accounts is $155.
How much money was invested at 3% interest?
$1,000
$3,000
$4,000
Equations: x + y = 5000 3x + 3.5y = 15500 ------ 30x + 30y = 150000 30x + 35y = 155000 ----------------------- 5y = 5000 ---- y = $1000.00 (amt invested at 3.5%)
--- x = $4000.00 (amt. invested at 3%)
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