Answered: You invested $14,000 in two accounts…

You invested $14,000 in two accounts paying 5% and 6% annual interest, respectively. If the total interest earned for the year was $800, how much was invested at each rate?

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

ChapterP: Prerequisites

SectionP.CR: Chapter Review

Problem 131E

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Question

You invested

$14,000

in two accounts paying

and

annual interest, respectively. If the total interest earned for the year was

$800,

how much was invested at each rate?

Question content area bottom

Part 1

The amount invested at

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