At the beginning of the year Anna invested a portion of her $90, 000 revenue from the sale of her house in an account that earns 8% annual simple interest, and the remainder in an account that earns 9% annual simple interest. If at the

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
icon
Related questions
icon
Concept explainers
Topic Video
Question

At the beginning of the year Anna invested a portion of her $90, 000
revenue from the sale of her house in an account that earns 8% annual
simple interest, and the remainder in an account that earns 9% annual
simple interest. If at the end of the year, she earned total interest of
$7760, how much did she invest in each account?

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell