Answered: You invested $8000 between two accounts…

You invested $8000 between two accounts paying 3% and 7% annual interest, respectively. If the total interest earned for the year was $440, how much was invested at each rate?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.54TI: In five years, Gloria’s bank account earned $2,400 interest at 5% simple interest. How much had she...

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You invested $8000 between two accounts paying 3% and 7% annual interest, respectively. If the total interest earned for the year was $440, how much was invested at each rate?

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