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How do u solve this?

Last Year Wanda divided $12,400 between a savings account and mutual fund. The savings account paid 4% in interest and the mutual fund paid 8% in interest. If she earned a total of $896 in interest, how was her money split between the two accounts?

2007-04-30 14:38:54 · 2 answers · asked by Anonymous in Science & Mathematics Other - Science

2 answers

896 is the total amount. She earned twice as much with the mutual fund as she did with with the savings account. So

896/3=298.67 this she earned with the savings.

She earned twice as much with the mutual. 597.33

2007-04-30 16:37:52 · answer #1 · answered by Rusty 4 · 0 1

10k at 8% 2,400 at 4% you can do this in your head.

2007-04-30 21:46:40 · answer #2 · answered by redd headd 7 · 1 1

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