A couple invested $20,000 in two retirement accounts, one at an annual simple interest rate of 4% and the other at 3% annual simple interest. The combined interest from the two investments was $740 for the first year. Find the amount invested in each account. 2$ invested at 4% 2$ invested at 3%

A couple invested $20,000 in two retirement accounts, one at an annual simple interest rate of 4% and the other at 3% annual simple interest. The combined interest from the two investments was $740 for the first year. Find the amount invested in each account. 2$ invested at 4% 2$ invested at 3%

Name: A couple invested $20,000 in two retirement accounts, one at an annua
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Description: A couple invested $20,000 in two retirement accounts, one at an annualsimple interest rate of 4% and the other at 3% annual simple interest. Thecombined interest from the two investments was $740 for the first year. Findthe amount invested in each a

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter7: Systems Of Equations And Inequalities

Section7.2: Systems Of Linear Equations: Three Variables

Problem 64SE: You inherit one hundred thousand dollars. You invest it all in three accounts for one year. The...

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