Question
Cody invested a total of$9,500in two accounts. One account pays5%interest annually; the other pays4%interest annually. At the end of the year, Cody earned a total
Cody invested a total of$9,500in two accounts. One account pays5%interest annually; the other pays4%interest annually. At the end of the year, Cody earned a total of$415in interest. How much money did Cody invest in each account?
5%?
4%?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
