Problema Solution
Ms.Brown invested $20,000 in two accounts, one yeilding 5% and the other yeilding 11%. If she received a total of $1,480 at the end of the year how much did she invest in each account?
Answer provided by our tutors
let she invested x in account 1 and y in account 2
x +y = 20,000
0.05x+ 0.11*y= 1480
solving two eq
x = 12000
y = 8000