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13 October, 16:40

Amelia just received a $9000 bonus. she has been advised to inverst her bonus into two accounts, on Yielding 3% per annum and the other 8% per annum. if Amelia wants to earn $580 in interest, how much should she put in each account?

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  1. 13 October, 18:54
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    0.03 (9000-x) + 0.08x. = 580

    270-0.03x+0.08x = 580

    0.05x = 310

    x = 6200

    $6200 in the 8% and $2800 in the 3%.
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