Suppose $50,000 is divided into two bank accounts. One account pays 4% simple interest per year and the other pays 6.4%. After five years there is a total of $12,000 in interest between the two accounts. How much was invested into the bank account that pays 6.4% simple interest (rounded to the nearest cent)? O $55,555.56 O $16,666.67 O $45,511.55 O $33,333.33
Suppose $50,000 is divided into two bank accounts. One account pays 4% simple interest per year and the other pays 6.4%. After five years there is a total of $12,000 in interest between the two accounts. How much was invested into the bank account that pays 6.4% simple interest (rounded to the nearest cent)? O $55,555.56 O $16,666.67 O $45,511.55 O $33,333.33
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter5: Systems Of Equations And Inequalities
Section5.2: Systems Of Linear Equations In Several Variables
Problem 40E
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Suppose $50,000 is divided into two bank accounts. One account pays 4% simple interest per year and the other pays
6.4%. After five years there is a total of $12,000 in interest between the two accounts. How much was invested into the
bank account that pays 6.4% simple interest (rounded to the nearest cent)?
O $55,555.56
O $16,666.67
O $45,511.55
O $33,333.33
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