SOLUTION: A woman invests a total of $20,000 in two accounts, one paying 2.5% and the other paying 9.5% simple interest per year. Her annual interest is $920. How much did she invest at each
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Question 1057262: A woman invests a total of $20,000 in two accounts, one paying 2.5% and the other paying 9.5% simple interest per year. Her annual interest is $920. How much did she invest at each rate?
You can put this solution on YOUR website! x=2.5% yield
20000-x=9.5% yield
0.025x+0.095(20000-x)=920
0.025x+1900-0.095x=920
-0.07x=-980
x=$14000@2.5%=$350
20000-x=$6000@9.5%=$570
They sum to $920
