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Asked by Josh

You invest $20,000 in two accounts. Account A earned 4.5% annual simple interest and Account B earned 6% annual simple interest. the total amount of interest earned for 1 year was $987.50, how much was invested into each account?
11 years ago

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Answered by Steve
.045x + .06(20000-x) = 987.50
11 years ago
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