SOLUTION: last year rita deposited $7000 into an account that paid 3% interest per year and $9000 into an account that paid 11% interest per year. no withdrawals were made from the accounts.

SOLUTION: last year rita deposited $7000 into an account that paid 3% interest per year and $9000 into an account that paid 11% interest per year. no withdrawals were made from the accounts.

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Question 1014516: last year rita deposited $7000 into an account that paid 3% interest per year and $9000 into an account that paid 11% interest per year. no withdrawals were made from the accounts. what was the total interest earned at the end of the year?
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
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0.03($7000)+0.11($9000)=$210+$990=$1200
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ANSWER: Total interest was $1200.

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