) Ann invested $12,000 in two bank accounts. One of the accounts pays 6% annual interest, and the other account pays 5% annual interest. If the combined simple interest earned in both accounts after a year was $700, how much money was invested in each account?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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) Ann invested $12,000 in two bank accounts. One of the accounts pays 6% annual
interest, and the other account pays 5% annual interest. If the combined simple
interest earned in both accounts after a year was $700, how much money was
invested in each account?
Transcribed Image Text:) Ann invested $12,000 in two bank accounts. One of the accounts pays 6% annual interest, and the other account pays 5% annual interest. If the combined simple interest earned in both accounts after a year was $700, how much money was invested in each account?
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