Texts: Juan invests a total of $27,000 in two accounts paying 7% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $3410.00?
A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use "x" as your variable to represent the amount of money invested in the account paying 7% simple interest. Equation:
0.07x + 0.15(27000 - x) = 3410.00
B) The answers are: $x was invested at 7% and $27000 - x was invested at 15%.