SOLUTION: A person plans to invest a total of $5500 in one bank account at 3.4% annual interest and another bank account at 15% annual interest. How much should he invest in each account so
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Question 1193146: A person plans to invest a total of $5500 in one bank account at 3.4% annual interest and another bank account at 15% annual interest. How much should he invest in each account so that the total interest in one year will be $477?
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
Let x be the amount invested at 3.4% interest
Then 5500-x is the amount invested at 15% interest
The total interest is to be $477:
Finish using basic algebra and a calculator....
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