ercent annual interest rate, then the other part into a separate bank at a 4.75 percent annual interest rate. When the total simple

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...
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My grandmother has invested 12,800 into two of her accounts. She invested a part into the bank at a 3.125percent annual interest rate, then the other part into a separate bank at a 4.75 percent annual interest rate. When the total simple interest rate in a year is 465 dollars. How much did she invest in each bank, when the interest for a year is the interest rate, x principal. 

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