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You invested $25,000 in two accounts paying 8% and 9%annual interest. At the end of the

Chapter 1, Problem 31

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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?

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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:

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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

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