. Investments A man invests his savings in two accounts, onepaying 6% and the other paying 10% simple interest per year.He puts twice as much in the lower-yielding account becauseit is less risky. His annual interest is $3520. How much didhe invest at each rate?

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter10: Systems Of Equations And Inequalities
Section10.CR: Chapter Review
Problem 26E
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. Investments A man invests his savings in two accounts, one
paying 6% and the other paying 10% simple interest per year.
He puts twice as much in the lower-yielding account because
it is less risky. His annual interest is $3520. How much did
he invest at each rate?

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