Problem Solving

[lashay06]

When equal amounts are invested in each of two accounts paying 8%, and 10.5%, one year's combined interest income is $1017.50. How much is invested in each account?

What I have so far is : I=PRT
I= P x R x T
1017.50= .08 1
.105
I don't know how to finish setting up the problem.

 

[galactus]

Since the two amounts are the same, just set up \(\displaystyle .185x=1017.5\) and solve for x.