SOLUTION: Joseph Abruzzio decides to divide a gift of $5000 into two different accounts. He deposits $2000 in an IRA account that earns an annual simple interest rate of 3.5%. The remaining
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-> SOLUTION: Joseph Abruzzio decides to divide a gift of $5000 into two different accounts. He deposits $2000 in an IRA account that earns an annual simple interest rate of 3.5%. The remaining
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Question 1161815: Joseph Abruzzio decides to divide a gift of $5000 into two different accounts. He deposits $2000 in an IRA account that earns an annual simple interest rate of 3.5%. The remaining money is placed in an account that earns an annual simple interest rate of 8.25%. How much interest will Joseph earn in one year from the two accounts?
$ Answer by ikleyn(52775) (Show Source):
