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July 25, 2014

Homework Help: Math

Posted by NotGonnaSay on Monday, August 20, 2012 at 7:36pm.

A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is $11000 dollars. How much did he invest at each rate?

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