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December 22, 2014

Homework Help: algebra

Posted by Emmett on Saturday, July 28, 2012 at 9:11pm.

A total of $6200 is deposited into two simple interest accounts. On one account the annual simple interest rate is 2%, and on the second account the annual simple interest rate is 4%. The amount of interest earned for 1 year was $148. How much was invested in each account?

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