5. Arthur invests his inheritance of $24,000 in two different accounts which pay 6% and 5% annual interest. After one year, he received $1320 in interest. How much did he invest in each account?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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5. Arthur invests his inheritance of $24,000 in two different accounts which
pay 6% and 5% annual interest. After one year, he received $1320 in
interest. How much did he invest in each account?
Transcribed Image Text:5. Arthur invests his inheritance of $24,000 in two different accounts which pay 6% and 5% annual interest. After one year, he received $1320 in interest. How much did he invest in each account?
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