1)You invested $7000 in two accounts paying 6% and 8% annual interest, respectively. If the total interest earned for the year was $520, how much was invested at each rate?
2) Thing did not go quite as planned. You invested $8000, part of it in stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the total annual income from both investment was $620, how much was invested at each rate?
Please help? How do I solve?
2007-09-02
08:18:20
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6 answers
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asked by
alchem
1
in
Mathematics