Suppose 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?
Suppose 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?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Suppose 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?
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