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2 August, 07:46

Leroy invested 12,000 into two different bank accounts. One account (x) gives Leroy 1.5% interest yearly and the other account (y) give Leroy 3% interest yearly. At the end of one year Leroy had earned $300 in interest. Which system of equations could be used to solve for how much money Leroy invested in the two accounts?

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  1. 2 August, 10:54
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    0.015x+0.03 (12000-x) = 300

    Solve for x

    X=4000 at 1.5%

    12000-4000=8000 at 3%
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