Taylor invests $7000 in two different accounts. The first account paid 8 %, the second account paid 14 % in interest. At the end of the first year he had earned $632 in interest. How much was in each account? $ at 8 % $ at 14 %

Taylor invests $7000 in two different accounts. The first account paid 8 %, the second account paid 14 % in interest. At the end of the first year he had earned $632 in interest. How much was in each account? $ at 8 % $ at 14 %

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter1: Equations And Inequalities

Section1.CT: Chapter Test

Problem 8CT: Investment A woman invested part of 20,000 at 6 interest and the rest at 7. If her annual interest...

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Question

3-Taylor invests $7000 in two different accounts. The first account paid 8 %, the second account paid 14 % in interest. At the end of the first year he had earned $632 in interest. How much was in each account?

$ at 8 %

$ at 14 %

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