When Sara Whitehorse changed jobs, she rolled over the $43,650 in her retirement account into two simple interest accounts. On one account, the annual simple interest rate is 7.5%, and on the second account, the annual simple interest is 6%. How much must be invested in each account if the two accounts earned the same amount of annual interest? (x at 7.5% and y at 6%.) A.x = $19,400; y = $24,250 B.x = $19,500; y = $24,350 C.x = $19,410; y = $24,240 D. x = $24,250; y = $19,400 E.x = $19,501; y = $24,149

When Sara Whitehorse changed jobs, she rolled over the $43,650 in her retirement account into two simple interest accounts. On one account, the annual simple interest rate is 7.5%, and on the second account, the annual simple interest is 6%. How much must be invested in each account if the two accounts earned the same amount of annual interest? (x at 7.5% and y at 6%.) A.x = $19,400; y = $24,250 B.x = $19,500; y = $24,350 C.x = $19,410; y = $24,240 D. x = $24,250; y = $19,400 E.x = $19,501; y = $24,149

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 16E

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