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Hattie had Php3000 to invest and wants to earn 10.6% interest per year. She will put some of the money into an account that earns 12% per year and the rest into an account that earns 10% per year. How much money should she put into each account?

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Blezelldaneyraygo

Answer:

The amount of money that should be invested at the rate of 12% is $900 and the amount money that should be invested at the rate of 10% is $2,100

Step-by-step explanation:

Let  x ------> the amount of money that should be invested at the rate of 12%

3,000-x -----> the amount money that should be invested at the rate of 10%

we know that

The sum of the interest on each of the accounts must be equal to the total interest.

Solve for x

therefore

The amount of money that should be invested at the rate of 12% is $900 and the amount money that should be invested at the rate of 10% is $2,100

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