You invested $5000 between two accounts paying 7% and 8% annual interest, respectively. If the total interest earned for the year was $390, how much was invested at each rate? was invested at 7% and $ was invested at 8%.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter1: Introduction To Algebra
Section1.6: Translating Problems Into Equations
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You invested $5000 between two accounts paying 7% and 8% annual interest, respectively. If the total interest
earned for the year was $390, how much was invested at each rate?
$
was invested at 7% and $
...
was invested at 8%.
Transcribed Image Text:You invested $5000 between two accounts paying 7% and 8% annual interest, respectively. If the total interest earned for the year was $390, how much was invested at each rate? $ was invested at 7% and $ ... was invested at 8%.
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