Samantha invests a total of $17,000 in two accounts. The first account earned an annual...

50.1K

Verified Solution

Question

Algebra

image

Samantha invests a total of $17,000 in two accounts. The first account earned an annual interest rate of 7% and the second account earned an annual interest of 2%. At the end of one year, the total amount of money gained was $715.00. How much was invested into each account?$_______ was invested in the account that earned 7% and$_______ was invested in the account that earned 2%.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students