Last year, Chau had $10,000 to invest. He invested some of it in an account that paid 5% simple interest per year, and he invested th

Question

Last year, Chau had $10,000 to invest. He invested some of it in an account that paid
5% simple interest per year, and he invested the rest in an account that paid 8%
simple interest per year. After one year, he received a total of $590
in interest. How much did he invest in each account?

First Account=
Second Account =

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Nick 6 months 2021-07-18T00:18:43+00:00 1 Answers 0 views 0

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    0
    2021-07-18T00:20:32+00:00

    Answer:

    Account with 8% interest per year: $3000

    Account with 5% interest per year: $7000

    8% of 3000 = 240

    5% of 7000 = 350

    240+ 350 = 590

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