Qw.10.a Vincent invests $5700 in two different accounts. The first account paid 6 %, the second account paid 7 % ininterest. At the end of the first year he had earned $361 in interest. How much was in each account?$$at 6 %at 7%> Next Question.W

Lets, Amount in first account = X Lets, Amount in second account = Y Sum of X and Y = $5700…

Answered: Vincent invests $5700 in two different…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Vincent invests $5700 in two different accounts. The first account paid 6 %, the second account paid 7 % in interest. At the end of the first year he had earned $361 in interest. How much was in each account? S $ at 6 % at 7%