Asked by Tay
Cheryl has $2000 less invested in a money market account paying 10% than in a bond paying 7%. If she received $820 in interest for a year how much did she have in the two accounts?
Answers
Answered by
Reiny
let amount invested at 7% be x
solve
.07x + .1(x-2000) = 820
solve
.07x + .1(x-2000) = 820
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