SOLUTION: Mae Jackson has a total of $6000 invested in two simple interest accounts. The annual simple interest rate on one account is 9%. The annual simple interest rate on the second acc
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Question 443560: Mae Jackson has a total of $6000 invested in two simple interest accounts. The annual simple interest rate on one account is 9%. The annual simple interest rate on the second account is 6%. How much is invested in each account if both accounts earn the same amount of interest? Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! .09x=.06(6000-x)
.09x=360-.06x
.15x=360
x=360/.15=2400
6000-x=3600
M. Jackson has 2400 invested at 9% and 3600 invested at 6%..
