Paula invested in two accounts; one pays 3% simple interest and the other pays 6% simple interest. She invested $5000 more in the account paying 6% than in the account paying 3%. At the end of the first year, Paula's total return was $930. How much did she invest in each account?

Question

marisol30751995 marisol30751995

30-09-2014
Mathematics

Answered

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Paula invested in two accounts; one pays 3% simple interest and the other pays 6% simple interest. She invested $5000 more in the account paying 6% than in the account paying 3%. At the end of the first year, Paula's total return was $930. How much did she invest in each account?

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