A person inherited $30,000 and invested the money in two accounts that earned 8.5% and 10% simple interest. At the end of the first year, the interest earned from the two investments was $2,700. How much did the person invest in each of the two accounts?
A person inherited $30,000 and invested the money in two accounts that earned 8.5% and 10% simple interest. At the end of the first year, the interest earned from the two investments was $2,700. How much did the person invest in each of the two accounts?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
Related questions
Question
A person
inherited $30,000 and invested the money in two
accounts that earned 8.5% and 10% simple
interest. At the end of the first year, the interest
earned from the two investments was $2,700.
How much did the person invest in each of the two
accounts?
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