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5 June, 19:29

You invested $ 7000 between two accounts paying 2 % and 6 % annual interest, respectively. if the total interest earned for the year was $ 300 comma how much was invested at each rate?

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  1. 5 June, 19:40
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    0.02x+0.06 (7000-x) = 300

    Solve for x

    X=3000 invested at 2%

    7000-3000=4000 invested at 6%
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