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July 31, 2014

Homework Help: math

Posted by Anonymous on Wednesday, June 20, 2012 at 11:57am.

Suppose $500 is divided into two bank accounts. One account pays 15% simple interest per year and the other pays 10%. After three years there is a total of $200 in interest between the two accounts. How much was invested into the bank account that pays 10% simple interest (rounded to the nearest cent)?

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