SOLUTION: Juan had $24400 and chose to split the money into two different mutual funds. During the first year, Fund A earned 4% interest and Fund B earned 6% interest. If he received a total
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Question 1130799: Juan had $24400 and chose to split the money into two different mutual funds. During the first year, Fund A earned 4% interest and Fund B earned 6% interest. If he received a total of $1252 in interest, how much had he invested into each account?
Found 2 solutions by josgarithmetic, ikleyn:
Answer by josgarithmetic(39617) (Show Source): You can put this solution on YOUR website!
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Juan had $P and chose to split the money into two different mutual funds. During the first year, Fund A earned L% interest and Fund B earned H% interest. If he received a total of $G in interest, how much had he invested into each account?
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x into account A
y into account B
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Solve for x and use it to evaluate y.
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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