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April 24, 2014

Homework Help: algebra

Posted by liz on Friday, January 18, 2013 at 9:23pm.

A total of $15,000 is invested into two accounts. One of the accounts earns 12% per year and the other earns 10% per year. If the total interest earned in the first year is $1600, how much is invested in each account?

1.) Define the variable(s) and what they stand for.
2.) Set up an equation
3.) State the solutions

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