Melanie invests a total of $35,000 in two accounts. The first account earned a rate of return of 12% (after a year). However, the second account suffered a 4% loss in the same time period. At the end of one year, the total amount of money gained was $1,080.00. How much was invested into each account? was invested in the account that gained 12% and was invested in the account that lost 4%.

Melanie invests a total of $35,000 in two accounts. The first account earned a rate of return of 12% (after a year). However, the second account suffered a 4% loss in the same time period. At the end of one year, the total amount of money gained was $1,080.00. How much was invested into each account? was invested in the account that gained 12% and was invested in the account that lost 4%.

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter3: Solving Equation And Problems

Section3.7: Costs, Income, And Value Problems

Problem 17P

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