SOLUTION: abe invested a total of $13,000 in two accounts , one paying 5% interest and the other 7% . If his annual interest was $813, how much was invested in cash
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Question 1052717: abe invested a total of $13,000 in two accounts , one paying 5% interest and the other 7% . If his annual interest was $813, how much was invested in cash Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! Let x represent amount at the higher interest rate
.07x + .05(13000-x) = 813
x = 163/.02
solving for x, amt at 7% and then finding , amt at 5%
Ans: $8150 at 7% and $4850 at 5%
