Joy invests a total of $22,000 in two accounts. The first account earned an annual interest rate of 12% and the second account earned an annual interest of 9%. At the end of one year, the total amount of money gained was $2,565.00. How much was invested into each account?

Joy invests a total of $22,000 in two accounts. The first account earned an annual interest rate of 12% and the second account earned an annual interest of 9%. At the end of one year, the total amount of money gained was $2,565.00. How much was invested into each account?

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 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...

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