Madison deposited a total of $5,000 between two saving accounts bearing simple interest. One of the accounts has an interest rate of 4% while the other rate is 5%. If the total interest earned after one year is $220, find the amount deposited into each of the accounts.
0.04x+0.05 (5000-x)=220 Solve for x to find the amount invested at 4% 0.04x+250-0.05x=220 0.04x-0.05x=220-250 -0.01x=-30 X=30÷0.01 X=3,000 invested at 4%
