Question 774272
Larrry Mitchell invested part of his $29,000 at 7% annual interest and the rest at 6% interest annual simple interest. If his total yearly interest from both accounts was $1,880.

Let X = amount invested at 7 %
Let Y = amount invested at 6 %

You have to solve:

x+y = 29,000
0.07x+0.06y=1880

Answer: X = 14,000 and Y = 15,000


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