SOLUTION: tom won $10 000 in the lottery. he invests his winnings in two different accounts, one paying 6% interest and the other 8% interest. after 2 years he had $ 11 488 in total in both
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Question 988391: tom won $10 000 in the lottery. he invests his winnings in two different accounts, one paying 6% interest and the other 8% interest. after 2 years he had $ 11 488 in total in both accounts. how much did he initially invest in each account? Answer by solver91311(24713) (Show Source):
dollars is invested. at rate of interest and the rest at rate of interest. A total of dollars interest was earned. Determine the amounts invested at each rate. The amount of interest earned is the total in both accounts minus the initial amount invested.
Solve for then calculate
John
My calculator said it, I believe it, that settles it
