You invested $23,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $2030, how much was invested at each rate? The amount invested at 8% is $ The amount invested at 9% is $

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter2: Equations And Inequalities
Section2.3: Models And Applications
Problem 17SE: For exercises 17 and 18, use this scenario: A retired woman has $50,000 to invest but needs to make...
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You invested $23,000 in two accounts paying 8% and 9% annual interest, respectively. If the total
interest earned for the year was $2030, how much was invested at each rate?
The amount invested at 8% is $
The amount invested at 9% is $
Enter your answer in each of the answer boxes.
12:05 AM
5/30/2021
4
Transcribed Image Text:You invested $23,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $2030, how much was invested at each rate? The amount invested at 8% is $ The amount invested at 9% is $ Enter your answer in each of the answer boxes. 12:05 AM 5/30/2021 4
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