Last year, Amanda had $20,000 to invest. She invested some of it in an account...
60.1K
Verified Solution
Link Copied!
Question
Basic Math
Last year, Amanda had $20,000 to invest. She invested some of it in an account that paid 5% simple interest per year, and she invested the rest in an account that paid 9% simple interest per year. After one year, she received a total of $1720 in interest. How much did she invest in each account?Note that the ALEKS graphing calculator can be used to make computations easier.First account: $Second account: $
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!