SOLUTION: Suzanne invested $19,800 in two mutual fund accounts: the Abernathy Fund and the Brice Fund. During the subsequent year, The Abernathy Fund earned 10% and the Brice account earned

Question 277986: Suzanne invested $19,800 in two mutual fund accounts: the Abernathy Fund and the Brice Fund. During the subsequent year, The Abernathy Fund earned 10% and the Brice account earned 6%. At the end of the year, the total interest earned was $1,492. How much did Suzanne invest in each fund? Place your answers in the two blanks. Enter the amounts in whole dollars only. Do not use dollar signs, commas, or decimals when entering your values.
Abernathy = _________ Brice = ____________

Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.06*b+.10*a=1492
a+b=19800
a=$7600
b=$12200

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