You invested $11,000 in two accounts paying 5% and 8% annual interest. If the total interest earned for the year was $730, how much was invested at each rate?
Added by Esther E.
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We can set up the following system of equations: x + y = 11000 (total amount invested) Show more…
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You invested $\$ 11,000$ in two accounts paying $5 \%$ and $8 \%$ annual interest. If the total interest earned for the year was $\$ 730,$ how much was invested at each rate?
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