Answered: You invested $28,000 in two accounts…

You invested $28,000 in two accounts paying 7% and 9% annual interest, respectively. If the total interest earned for the year was $2340, how much was invested at each rate?

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter1: Equations And Inequalities

Section1.CM: Cumulative Review Exercises

Problem 44CM: Financial Planning A college student invested part of a 25,000 inheritance at 7% interest and the...

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Question

You invested

$28,000

in two accounts paying

and

annual interest, respectively. If the total interest earned for the year was

$2340,

how much was invested at each rate?

Question content area bottom

Part 1

The amount invested at

$enter your response here.

Part 2

The amount invested at

$enter your response here.

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