A man invests his savings in two accounts, one paying 6 percent and the other paying 10 percent simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is 8712 dollars. How much did he invest at each rate? Your answer is total in the account paying 6 percent interest is total in the account paying 10 percent interest is

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter10: Systems Of Equations And Inequalities
Section10.CR: Chapter Review
Problem 26E
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A man invests his savings in two accounts, one paying
6 percent and the other paying 10 percent simple
interest per year. He puts twice as much in the
lower-yielding account because it is less risky. His
annual interest is 8712 dollars. How much did he
invest at each rate?
Your answer is
total in the account paying 6 percent interest is
total in the account paying 10 percent interest is
Transcribed Image Text:A man invests his savings in two accounts, one paying 6 percent and the other paying 10 percent simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is 8712 dollars. How much did he invest at each rate? Your answer is total in the account paying 6 percent interest is total in the account paying 10 percent interest is
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