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ramon invested a total if 9700 into two accounts. account 1 earns 6% simple interest and account 2 earns 4% simple interest. After one year, the total interest earned from both accounts was 466$. Let X be the amount invested in account one and Y be the amount invested in account two. What system of equations represents the amount of money invested in each account?



Answer :

Answer: x+y= 9700 & 0.06x + 0.04y=466

Step-by-step explanation:

let X & Y be each account.  Together, they are $9,700.

So, x+y=9700

thus, account 1 (x) earns 6 %. which converted to decimal is 0.06

account 2 (y) earns 4 % which converted is 0.04

It also said that both accounts were $466, after 1 year.

0.06x+0.04y=466

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