SOLUTION: John invested a portion of 15,000 at 10 percent annual interest rate and the balance at 6 percent annual interest. If he earned 1260 dollars for the year from two accounts how much
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Question 812484: John invested a portion of 15,000 at 10 percent annual interest rate and the balance at 6 percent annual interest. If he earned 1260 dollars for the year from two accounts how much did he invest at 10 percent
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
a+b=15000,
.1a+.06b=1260
a at 10% = 9000, b at 6%= 6000
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