SOLUTION: Julian deposits some money in an account which pays 5% simple interest per year, and twice that amount in an account paying 4% simple interest per year. If he collects $533.00 in i

SOLUTION: Julian deposits some money in an account which pays 5% simple interest per year, and twice that amount in an account paying 4% simple interest per year. If he collects $533.00 in i

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Question 1170461: Julian deposits some money in an account which pays 5% simple interest per year, and twice that amount in an account paying 4% simple interest per year. If he collects $533.00 in interest after one year, how much did he deposit in the account that has a 5% rate?

Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x at 5%
2x at 4%
Total interest is .05x+.08x=$533=0.13x
x=$4100 @5% or $205
2x=$8200 @4% or $328

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