# Thread: Word Problem To Be Solve

1. ## Word Problem To Be Solve

Mr. Simone deposits $8000 in one simple interest account and$2000 in a second simple interest account. The interest rate on the $8000 account is 2% more than the rate on the$2000 account. If the total yearly amount of interest on the two accounts is \$578, find the interest rate on each account.

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walking bridges

2. ## Re: Word Problem To Be Solve

Hint: Make an equation

3. ## Re: Word Problem To Be Solve

8000(r + .02) + 2000(r) = 578

Solve for r.

If you need further help, you're in trouble! See your teacher.

4. ## Re: Word Problem To Be Solve

Okay get it. Thanks!
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