Nadia decided to deposit her graduation gift money in two different savings accounts. Account X has an interest rate of .5% and Account Y has an interest rate of .25%. Altogether, she received $5000 from graduation. If after the first year her interest earned was $21.25, how much was deposited into each account?
Define your variables (x and y) by assigning them to the real-world quantities in the problem.
x = amount deposited into Account x
y = amount deposited into Account y
b. Write a system of equations in standard form you can use to solve for those quantities.
Equation 2: .005x+.0025y= _______
c. Calculate the x and y intercepts for both equations.
d. How much was deposited in each account? Use whatever method you want to solve
the system of equations, just show your work for full credit.