SOLUTION: Mr. Wilson invested money in two accounts. His total investment was $27,000. If one account pays 8% in interest and the other pays 11% in interest, how much did he invest in each a
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Question 923418: Mr. Wilson invested money in two accounts. His total investment was $27,000. If one account pays 8% in interest and the other pays 11% in interest, how much did he invest in each account if he earned a total of $2,550 in interest in 1 year? Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! x the amount at 11%
.11x + .08(27000-x) = 2550
x = (2550 - 2160) / .03 , the amount at 11% the amount at 8%
