Deposit

Oh I total of $15,000 deposited into simple interest accounts the annual simple interest rate on one account at 6% the annual simple interest rate on the second account at 7% how much should be invested in each account so that the total interest earned is $970

Correct answer:

a =  8000
b =  7000

Step-by-step explanation:

p1=6%=6100=0.06 p2=7%=7100=0.07  a+b=15000 p1 a+p2 b=970 a+b=15000 0.06 a+0.07 b=970  a+b=15000 0.06a+0.07b=970  a=8000 b=7000



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