John invests a total of $31,500 in two accounts. The first account earned a rate of return of 6% (after a year). However, the second account suffered a 5% loss in the same time period. At the end of one year, the total amount of money gained was $20.00. How much was invested into each account?

John invests a total of $31,500 in two accounts. The first account earned a rate of return of 6% (after a year). However, the second account suffered a 5% loss in the same time period. At the end of one year, the total amount of money gained was $20.00. How much was invested into each account?

Name: John invests a total of $31,500 in two accounts. The first account ea
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Description: John invests a total of $31,500 in two accounts. The first account earned a rate of return of 6%(after a year). However, the second account suffered a 5% loss in the same time.period. At theend of one year, the total amount of money gained was $20.0

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Systems Of Equations

Section11.CR: Review Problem Set

Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...

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