. Investments A man invests his savings in two accounts, onepaying 6% and the other paying 10% simple interest per year.He puts twice as much in the lower-yielding account becauseit is less risky. His annual interest is $3520. How much didhe invest at each rate?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 64SE: You inherit one hundred thousand dollars. You invest it all in three accounts for one year. The...
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. Investments 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 $3520. How much did
he invest at each rate?

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