SOLUTION: Camille wins $60,000 (after taxes) in a sweepstakes and decides to deposit all of it in two accounts. One account is a college savings account that guarantees a rate of 6.5% simpl
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-> SOLUTION: Camille wins $60,000 (after taxes) in a sweepstakes and decides to deposit all of it in two accounts. One account is a college savings account that guarantees a rate of 6.5% simpl
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Question 367786: Camille wins $60,000 (after taxes) in a sweepstakes and decides to deposit all of it in two accounts. One account is a college savings account that guarantees a rate of 6.5% simple annual interest. The other account is a money market fund that does not do as well as Camille had hoped, and only returns a simple annual interest rate of 3.6%. If the two accounts together earn $3378 by the end of the year, how much money did she deposit in each account? Answer by codybrock(1) (Show Source):
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