SOLUTION: Last year, Ann had $20,000 to invest. She invesed some of it in an account that paid 8% simple interest per year, and she invested th rest in an account that paid 10% simple intere
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-> SOLUTION: Last year, Ann had $20,000 to invest. She invesed some of it in an account that paid 8% simple interest per year, and she invested th rest in an account that paid 10% simple intere
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Question 1085558: Last year, Ann had $20,000 to invest. She invesed some of it in an account that paid 8% simple interest per year, and she invested th rest in an account that paid 10% simple interest per year. After one year, she received a total of $1860 in interest. How much did she invest in each account? Answer by addingup(3677) (Show Source):
You can put this solution on YOUR website! 0.08x+0.10(20,000-x) = 1860
x = 7,000 So she invested 7,000 at 8% and 20,000-7,000 = 13,000 at 10%
