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A woman has a total of $10,000 to invest. She invests part of the money in an account that pays 6% per year and the rest in an account that pays 9% per year. If the interest earned in the first year is $750, how much did she invest in each account?
2 answers
But, just to get you started, if there are $x at 6%, the rest (1000-x) is at 9%. So, add up the interests earned:
.06x + .09(10000-x) = 750.00
Now just crank it out.
.06x + .09(10000-x) = 750.00
Now just crank it out.