SOLUTION: You wish to invest $85,000 in two accounts. You want a cautious investment strategy, so you intend to invest in an account with a rate of 2.5% and another with a rate of 11.1%. Wit

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: You wish to invest $85,000 in two accounts. You want a cautious investment strategy, so you intend to invest in an account with a rate of 2.5% and another with a rate of 11.1%. Wit      Log On

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Question 1199789: You wish to invest $85,000 in two accounts. You want a cautious investment strategy, so you intend to invest in an account with a rate of 2.5% and another with a rate of 11.1%. With this strategy, at the end of one year, you want to earn $3,733.20. How much should you invest in each account?
Answer by ikleyn(53937) About Me  (Show Source):
You can put this solution on YOUR website!
.

a TWIN problem was solved today under this link

https://www.algebra.com/algebra/homework/Distributive-associative-commutative-properties/Distributive-associative-commutative-properties.faq.question.1199783.html


Read it attentively. Consider it as your TEMPLATE.

Then, having this template in front of you, solve this current problem in the same way.


Happy learning and funny solving (!)