Mathematics, 15.05.2021 06:20, icantspeakengles

A businesswoman invests $28,000 into two accounts: one that returns 6% annual interest and one that returns 5% annual interest. After 1 year, she earns $1,557.50. How much did she invest in each account?

A. No solution
B. 12,000 in the 6% bearing account, 16,000 in the 5% bearing account.
C. $5288.50 in the 6% bearing account, $22,711.50 in the 5% bearing account.
D. $15,750 in the 6% bearing account, $12,250 in the 5% bearing account.

Answers: 1

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A businesswoman invests $28,000 into two accounts: one that returns 6% annual interest and one that...