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Over the last 16 years Johanna saved some of her pay each month. She now has $46,000. She decides to invest some of it at 5.25% annual interest and the rest at 3.75% annual interest. After one year, her total interest earned from both accounts is $2001. How much did she invest in each account? A. Define variables to represent the unknowns and setup the necessary equations to answer the question. B. Algebraically solve the equation you created and express your final answer using a complete sentence and appropriate units.

Over the last 16 years Johanna saved some of her pay each month. She now has $46,000. She decides to invest some of it at 5.25% annual interest and the rest at 3.75% annual interest. After one year, her total interest earned from both accounts is $2001. How much did she invest in each account? A. Define variables to represent the unknowns and setup the necessary equations to answer the question. B. Algebraically solve the equation you created and express your final answer using a complete sentence and appropriate units.

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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Over the last 16 years Johanna saved some of her pay each month. She now has $46,000. She decides to invest some of it at 5.25% annual interest and the rest at 3.75% annual interest. After one year, her total interest earned from both accounts is $2001. How much did she invest in each account? A. Define variables to represent the unknowns and setup the necessary equations to answer the question. B. Algebraically solve the equation you created and express your final answer using a complete sentence and appropriate units.
Transcribed Image Text:Over the last 16 years Johanna saved some of her pay each month. She now has $46,000. She decides to invest some of it at 5.25% annual interest and the rest at 3.75% annual interest. After one year, her total interest earned from both accounts is $2001. How much did she invest in each account? A. Define variables to represent the unknowns and setup the necessary equations to answer the question. B. Algebraically solve the equation you created and express your final answer using a complete sentence and appropriate units.
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