You invested a total of $6,000 at 4 1/2% and 5% simple interest. During one year, the two accounts earned $290. How much did you invest in each account?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter2: Equations And Inequalities
Section2.3: Models And Applications
Problem 23SE: Paul has $20,000 to invest. His intent is to earn11% interest on his investment. He can invest part...
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You invested a total of $6,000 at 4 1/2% and 5% simple interest. During one year, the two accounts earned $290. How much did you invest in each account?

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