Question
You invested $\$ 3000$ in two accounts paying $6 \%$ and $8 \%$ annual interest. If the total interest earned for the year was $\$ 230,$ how much was invested at each rate? (Section P.8, Example 5).
Step 1
Step 1: Let's denote the amount invested at 8% as $x$ and the amount invested at 6% as $3000 - x$. Show more…
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