Kirk Wells
01/05/2024 · Elementary School
A man invests his savings in two accounts, one paying 6 percent and the other paying 10 percent simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is 8250 dollars. How much did he invest at each rate? Your answer is total in the account paying 6 percent interest is total in the account paying 10 percent interest is
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The total amount invested in the 6% interest account is $31730.77 and in the 10% interest account is $63461.54.
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