Joy invests a total of $30,000 in two accounts. The first account earned an annual interest rate of 11% and the second account earned an annual interest of 7%. At the end of one year, the total amount of money gained was $2,820.00. How much was invested into each account? $ was invested in

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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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...
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Joy invests a total of $30,000 in two accounts. The first account earned an annual interest rate of 11% and the second account earned an annual interest of 7%. At the end of one year, the total amount of money gained was $2,820.00. How much was invested into each account?

$ was invested in the account that earned 11% and
$ was invested in the account that earned 7%.

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