You invested $19,000 in two accounts paying 2% and 5% annual interest, respectively. If the total interest earned for the year was $680, how much was invested at each rate?

Question

The ammount

Answer 1

0.02x + 0.05(19000 - x ) = 680; - 0.03x = 680 - 950; - 0.03x = - 270; x = $9000 on 2% account

and 19000 - 9000 = $10000 on 5% account.