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A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twic
Posted: Wed Jul 06, 2022 11:51 am
by answerhappygod
- A Man Invests His Savings In Two Accounts One Paying 6 And The Other Paying 10 Simple Interest Per Year He Puts Twic 1 (125.7 KiB) Viewed 12 times
A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is $2662 dollars. How much did he invest at each rate? Your answer is: Amount invested at 6% equals $ 3872 Amount invested at 10% equals $ 17600