Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last year, Ann had $20,000 to invest. She invested some of it in an account that paid 10% simple interest per year, and she invested

Last year, Ann had $20,000 to invest. She invested some of it in an account that paid 10% simple interest per year, and she invested the rest in an account that paid 6%

simple interest per year. After one year, she received a total of $1800 in interest. How much did she invest in each account?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Shape Optimization And Optimal Design

Authors: John Cagnol

1st Edition

0824705564, 978-0824705565

More Books

Students also viewed these Mathematics questions

Question

How does K-nearest neighbors work?

Answered: 1 week ago