Theodore invests a total of $12,500 in two accounts. the first account earned a rate of return of 11% (after a year). however, the second account suffered a 2% loss in the same time period. at the end of one year, the total amount of money gained was $140.00. how much was invested into each account?

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Giovanny Estrada

25 July, 10:43

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Genesis Walls · Answer 1

Total amount was a surplus of 140 =

Let X be first acc, Y be 2nd Acc.

X + Y = 12500

11%X-2%Y = 140

11X-2Y=14000

13X = 39000

X=3000

Y=9500