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Tue 28 Feb, 2006 06:11 pm
A charity deposited a total of $54,000 into two simple interest accounts. the annual simple interest rate on one account is 8%. the annual simple interest rate on the second account is 12%. how much was invested into each account if the total interest earned is 9% of the total investment?
54000x0.09=(54000 - a)x0.08 + ax0.12
We don't normally do homework stacy.
Take it from there.
We'll help with homework, but you have to make an honest effort and post what you tried so far.
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