Concept explainers
To calculate: Amount invested in each account.
Answer to Problem 9PPE
Amount invested in account
Explanation of Solution
Given information: You split
Calculation:
Let’s assume
Now, the total money invested is,
The annual interest on account
The annual interest on account
Now, the total earned interest is,
Now, substitute value of
Substitute value of
Therefore, amount invested in account
Chapter 6 Solutions
High School Math 2015 Common Core Algebra 1 Student Edition Grade 8/9
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