Kristina invests a total of $23,000 in two accounts. The first account earned an annual interest rate of 12% and the second account earned an annual interest of 10%. At the end of one year, the total amount of money gained was $2,470.00. How much was invested into each account? _________$ was invested in the account that earned 12% and __________$ was invested in the account that earned 10%.

Kristina invests a total of $23,000 in two accounts. The first account earned an annual interest rate of 12% and the second account earned an annual interest of 10%. At the end of one year, the total amount of money gained was $2,470.00. How much was invested into each account? _$ was invested in the account that earned 12% and __$ was invested in the account that earned 10%.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 10PROB

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