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A woman has a total of $11,000 to invest. She invests part of the money in an account that pays 10% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is $1160, how much did she invest in each account? 10%: S 12%: S

A woman has a total of $11,000 to invest. She invests part of the money in an account that pays 10% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is $1160, how much did she invest in each account? 10%: S 12%: S

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A woman has a total of $11, 000 to invest. She invests part of the money in an account that pays 10% per year and the rest in an account that pays 12 % per year. If the interest earned in the first year is $1160, how much did she invest in each account? 10%: S 12%: S
Transcribed Image Text:A woman has a total of $11, 000 to invest. She invests part of the money in an account that pays 10% per year and the rest in an account that pays 12 % per year. If the interest earned in the first year is $1160, how much did she invest in each account? 10%: S 12%: S
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