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Jasmine Kaur has been working as a financial analyst for the past 20 years and has been saving in a fund that pays an interest of 11%. If her savings has grown to $600,000. Calculate the amounts she has been depositing at every year-end. [Show detailed calculation to get proper credit]

          Jasmine Kaur has been working as a financial analyst for the past 20 years and has been saving in a fund that pays an interest of 11%. If her savings has grown to $600,000.
Calculate the amounts she has been depositing at every year-end.
[Show detailed calculation to get proper credit]
        
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Jasmine Kaur has been working as a financial analyst for the past 20 years and has been saving in a fund that pays an interest of 11%. If her savings has grown to $600,000.
Calculate the amounts she has been depositing at every year-end.
[Show detailed calculation to get proper credit]

Added by Joshua W.

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Horngren’s Cost Accounting
Horngren’s Cost Accounting
Srikant M. Datar, Madhav V. Rajan 16th Edition
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Jasmine Kaur has been working as a financial analyst for the past 20 years and has been saving in a fund that pays an interest of 11%. If her savings have grown to $600,000, calculate the amounts she has been depositing at every year-end. [Show detailed calculation to get proper credit]
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Transcript

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00:01 This problem, an investor has two accounts, one at 9%, and one at 11%.
00:09 She has $8 ,000 less in the higher paying account.
00:14 And so if i call the 9 % x, that means the 11 % would be x minus $8 ,000, because it needs to be $8 ,000 less.
00:25 Now we know what her total interest is, so 0 .09x plus 0 .01, i'm sorry, plus 0 .0 plus 0 .0 plus.
00:36 Point one times x minus 8 ,000.
00:40 That's how much interest you gets on each of them.
00:43 We know that it gives us a total of 2010, so set that equal to 2010.
00:49 And then now we want to solve this.
00:52 So we have 0 .09x plus 0 .11x when we distribute that in...
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