You invest a total of $5000 between two savings accounts. Account A pays 2% annual interest and Account B pays 4% annual interest. After one year, you have earned a total of $135 in interest. How much did you invest in each account? step by step

Respuesta :

Answer: Investment in Account A = 1750

Investment in Account B = 3250

Step-by-step explanation:

Here, the total investment = 5000

Let the amount invested in account A = x

Therefore, the amount invested in account B = 5000-x

In Account A, rate of interest = 4% per year

Thus, interest earn in one year

= [tex]\frac{x\times 4\times 1}{100}[/tex]

= [tex]\frac{4x}{100}[/tex]

Now, The interest in account B = 2% per year

Thus, the interest earn in one year

= [tex]\frac{(5000-x)\times 2\times 1}{100}[/tex]

= [tex]\frac{2(5000-x)}{100}[/tex]

Therefore, total interest = [tex]\frac{4x}{100}+\frac{2(5000-x)}{100}[/tex]

⇒ [tex]\frac{4x}{100}+\frac{2(5000-x)}{100}=135[/tex]

⇒ [tex]\frac{4x}{100}+\frac{10000-2x}{100}=135[/tex]

⇒ [tex]\frac{4x+10000-2x}{100}=135[/tex]

⇒ [tex]\frac{2x+10000}{100}=135[/tex]

⇒ [tex]2x+10000=13500[/tex]

⇒ [tex]2x=3500[/tex]

⇒ [tex]x=1750[/tex]

Therefore, investment in account A = $1750

While, in account B = 5000-1750 = $3250