SOLUTION: tom won $10 000 in the lottery. he invests his winnings in two different accounts, one paying 6% interest and the other 8% interest. after 2 years he had $ 11 488 in total in both
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Question 988391: tom won $10 000 in the lottery. he invests his winnings in two different accounts, one paying 6% interest and the other 8% interest. after 2 years he had $ 11 488 in total in both accounts. how much did he initially invest in each account?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
dollars is invested. 
at 
rate of interest and the rest at 
rate of interest. A total of 
dollars interest was earned. Determine the amounts invested at each rate. The amount of interest earned is the total in both accounts minus the initial amount invested.
\ =\ I)
Solve for then calculate 
John
My calculator said it, I believe it, that settles it
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