You invested $28,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $2490, how much was invested at each rate? The amount invested at 8% is S The amount invested, at 9% is $

You invested $28,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $2490, how much was invested at each rate? The amount invested at 8% is S The amount invested, at 9% is $

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Systems Of Equations

Section11.CR: Review Problem Set

Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...

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Question

You invested $28,000 in two accounts paying 8% and 9% annual interest, respectively.
If the total interest earned for the year was $2490, how much was invested at each rate?
The amount invested at 8% is S
The amount invested, at 9% is $

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