Asked by Alissa
Sal Boxer divided a gift of $6000 into two different accounts. He placed $2000 in one account that earned an annual simple interest rate of 8.5%. The remaining money was placed in an account that earned an annual simple interest rate of 9.25%. How much interest did Sal earn from the two accounts after one year?
Help please I seriously don't understand any of this
Help please I seriously don't understand any of this
Answers
Answered by
logan
2000 * .085 + 4000 * .0925
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