SOLUTION: A man has $37,000 in a passbook account and $43,000 in a money market account that pays 10% more. What is the interest rate of each account if his total annual interest income is $
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Question 1124226: A man has $37,000 in a passbook account and $43,000 in a money market account that pays 10% more. What is the interest rate of each account if his total annual interest income is $8500?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
\ =\ 8500)
Solve for 
, then calculate 
. Convert your answers to percent.
John
My calculator said it, I believe it, that settles it
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