Solution Found!
You invested $25,000 in two accounts paying 8% and 9%annual interest. At the end of the
Chapter 1, Problem 31(choose chapter or problem)
QUESTION:
You invested $25,000 in two accounts paying 8% and 9%annual interest. At the end of the year, the total interest fromthese investments was $2135. How much was invested at eachrate?
Questions & Answers
QUESTION:
You invested $25,000 in two accounts paying 8% and 9%annual interest. At the end of the year, the total interest fromthese investments was $2135. How much was invested at eachrate?
ANSWER:Step 1 of 4
We need to find out the amount of investments in two different accounts if we know that in total we invested and that total interest from these two investments was . We also know that the interest rates in those two accounts are and