Dan invests $3000 more in an account that pays 4% simple interest than he invests in an account that pays 3% simple interest. If the total interest earned for the first year is $610, how much did Dan invest in each account?
a. Let x represent the principal invested in the account paying 3% interest.
Let y represent what?
b. Write the two equations in terms of x and y.
c. Solve the system of equations and state the amount invested at 3% and at 4%.
2007-09-27
12:22:56
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2 answers
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asked by
DoWHATiDO
3
in
Science & Mathematics
➔ Mathematics