Matthew has $40,000 invested in a checking account paying 3.7% per year and a savings account paying 6.3% per year. The total interest earned in the two accounts at the end of the year was equivalent to an 5.5% on the entire $40,000. How much was invested in each account?
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- Ryan invested 56000 in Koy Rural Bank and Soy Rural Bank. Koy Rural Bank pays 8% interest per year, and Soy Rural Bank pays 10% per year.If the total interest earned on the investment is 5560 after one year.How much money was invested in each accountSuppose a person invests a toal of $10,000 in two accounts. One account earns 8% annually and the other earns 9% annually. If the total ineterest earned from both accounts in a year is $860, how much is invested in each account?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%.
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- In this example, Daniel & Claire each deposited $10,000 in high interest savings accounts and each earned 5% interest annually. Daniel’s ROI remained the same each year while Claire’s increased each year. What type of interest did Daniel’s bank pay? What type of interest did Claire’s bank pay?Daniel and Claire each deposit 10,000 in high interest savings account and each earned 5% interest annually Daniels ROI remain the same each year while Claire's increased each year. What type of interest did Daniels bank pay? What type of interested Claire's bank pay?possible You invested $14,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $1230, how much was invested at each rate?