Answered: You invested $28,000 in two accounts…

You invested $28,000 in two accounts paying 7% and 9% annual interest, respectively. If the total interest earned for the year was $2340, how much was invested at each rate?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter5: Systems Of Equations And Inequalities

Section: Chapter Questions

Problem 26E

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Question

You invested

$28,000

in two accounts paying

and

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

$2340,

how much was invested at each rate?

Question content area bottom

Part 1

The amount invested at

$enter your response here.

Part 2

The amount invested at

$enter your response here.

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