Help with an interest question

lisawhoeling

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Sep 18, 2016
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A total of $11,000 is invested in two accounts. One of the two accounts pays 7% per year, and the other account pays 12% per year. If the total interest paid in the first year is $1,220, how much was invested in each account?

account paying 7%
account paying 12%
 
A total of $11,000 is invested in two accounts. One of the two accounts pays 7% per year, and the other account pays 12% per year. If the total interest paid in the first year is $1,220, how much was invested in each account?

account paying 7%
account paying 12%
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