SOLUTION: Igor invested $8000 in two accounts paying 1% and 5% annual interest respectively. If the total interest earned for the year was $320, how much was invested at each rate?
Question 1094759: Igor invested $8000 in two accounts paying 1% and 5% annual interest respectively. If the total interest earned for the year was $320, how much was invested at each rate? Answer by ikleyn(52830) (Show Source):
Consider it as a sample/template/prototype. Read it attentively.
Then solve your problem by substituting your data.
In this way you will learn the method.
