Ramon invested $2,400 into two accounts. one account paid 3% interest and the other paid 6% interest. he earned 5% interest on the total investment. how much money did he put in each account?

In the account that paid 3% Ramon put

In the account that paid 6% Ramon put

Step-by-step explanation:

we know that

The simple interest formula is equal to

where

I is the Final Interest Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

substitute

solver for x

Simplify

therefore

In the account that paid 3% Ramon put

In the account that paid 6% Ramon put

hi

step-by-step explanation: