SOLUTION: Monique has $500 to invest. Some of the money is placed in an account that pays 4% interest per year. The remaining money is placed in an account that pays 6% interest per year.
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Question 396092: Monique has $500 to invest. Some of the money is placed in an account that pays 4% interest per year. The remaining money is placed in an account that pays 6% interest per year. If after o e year, she has accumulated a total of 23$ in interest, how much was invested in each of these accounts? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested @ 4%
Then = amount invested @ 6%
given:
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$350 was invested @ 4% and $150 was invested @ 6%
