SOLUTION: When Sara Whitehorse changed jobs, she rolled over the $7700.00 in her retirement account into two simple interest accounts. On one account, the annual simple interest rate is 8%,
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Question 428064: When Sara Whitehorse changed jobs, she rolled over the $7700.00 in her retirement account into two simple interest accounts. On one account, the annual simple interest rate is 8%, and on the second account, the annual simple interest is 6%. How much must be invested in each account if the two accounts earned the same amount of annual interest?