Question 397195: An executive invested $18,000 in two accounts, one a cash on reserve that yielded 7% simple interest, and the other a long-term certificate paying 11% simple interest. At the end of one year, the two accounts had earned her a total of $1540. How much had she invested in each account?” How do i set this up as an algebra equation?
Answer by josmiceli(19441)   (Show Source):
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