Fatuma invests a total of $10,000 in two accounts. The first account earned a rate of return of 11% (after a year). However, the second account suffered a 2% loss in the same time period. At the end of one year, the total amount of money gained was $645.00. How much was invested into each account? was invested in the account that gained 11% and was invested in the account that lost 2%.
Fatuma invests a total of $10,000 in two accounts. The first account earned a rate of return of 11% (after a year). However, the second account suffered a 2% loss in the same time period. At the end of one year, the total amount of money gained was $645.00. How much was invested into each account? was invested in the account that gained 11% and was invested in the account that lost 2%.
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 205E: As the treasurer of her daughter’s Girl Scout troop, Laney collected money for some girls and adults...
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