Last year, Ivan 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 10% simple interest per year. After one year, he received a total of $900 in interest. How much did he invest in each account?

Last year, Ivan 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 10% simple interest per year. After one year, he received a total of $900 in interest. How much did he invest in each account?

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.3: Solve Mixture Applications

Problem 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...

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