Phyllis invested 67000 dollars, split between two different accounts. The money in the first account earns simple interest at the rate of 4 percent per year. The money in the second account earns simple interest at the rate of 6 percent per year. After one year the total interest earned on these investments was 3440 dollars. How much money did she invest at each rate?
1 answer
.04 x + .06 ( 67000-x) = 3440
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