Chris invests a total of $5,500 in two accounts. The first account earned an annual interest rate of 12% and the second account earned an annual interest of 3%. At the end of one year, the total amount of money gained was $480.00. How much was invested into each account? $4 was invested in the account that earned 12% and %$4 was invested in the account that earned 3%. For this question, you must show all your work. Either type all steps into the answer box below, or scan/photograph your work and upload the file using Insert > Attach File in the answer box below.

Chris invests a total of $5,500 in two accounts. The first account earned an annual interest rate of 12% and the second account earned an annual interest of 3%. At the end of one year, the total amount of money gained was $480.00. How much was invested into each account? $4 was invested in the account that earned 12% and %$4 was invested in the account that earned 3%. For this question, you must show all your work. Either type all steps into the answer box below, or scan/photograph your work and upload the file using Insert > Attach File in the answer box below.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.2: Solve Applications With Systems Of Equations

Problem 4.32TI: Translate to a system of equations and then solve: Erin spent 30 minutes on the rowing machine and...

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