Question

Last year, John had 30,000 to invest. He invested some of it in an account that paid 9% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year. After one year, he received a total of 2980 in interest. How much did he invest in each account?

Name: last year john had 30000 to invest he invested some of it in an account that paid 9 simple interest per year and he invested the rest in an account that paid 10 simple interest per year afte 66878
Uploaded: 2024-02-04T22:00:18-08:00
Duration: 3 min 36 s
Channel: Jenny Wu
Description: last year john had 30000 to invest he invested some of it in an account that paid 9 simple interest per year and he invested the rest in an account that paid 10 simple interest per year afte 66878

          Last year, John had 30,000 to invest. He invested some of it in an account that paid 9% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year. After one year, he received a total of 2980 in interest. How much did he invest in each account?

Added by Randy J.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

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Solved by Expert Jenny Wu

02/04/2024

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Last year, John had 30,000 to invest. He invested some of it in an account that paid 9% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year. After one year, he received a total of 2980 in interest. How much did he invest in each account?