Matthew invested $3,000 into two accounts. One account paid 3% interest and the other paid 8% interest. He earned 4% interest on the total investment. How much money did he put in each account?

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Matthew invested $3,000 into two accounts. One account paid 3% interest and the other paid 8% interest. He earned 4% interest on the total investment. How much money did he put in each account?
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Step 1

Given:-

Matthew invested $3,000 into two accounts

One account paid 3% interest and other paid 8% Interest

Total Interest on the total investment is 4%

How much money did he put in each account?

 

Now, Let he put money in one account x and other account is y,

 

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