A company invested $27,000, putting part of it into a savings account that earned 3.6% annual simple interest and the remainder in a stock fund that earned 12.2% annual simple interest. If the investments earned $1445 annually, how much was in each account? Savings Acct= Stock fund

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
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1. A company invested $27,000, putting part of it into a savings account that earned 3.6% annual simple interest and the remainder in a stock fund that earned 12.2% annual simple interest. If the investments earned $1445 annually, how much was in each account? Savings Acct= Stock fund =
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