Mathematics, 30.08.2021 03:00, meralysss

Thomas invested $40,000. He put part of the money in an account paying 2% interest and the remainder into stocks paying 3% interest. The total annual income from these investments was $1020. How much
did he invest at each rate?
(show work please)

Answers: 1

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Thomas invested $40,000. He put part of the money in an account paying 2% interest and the remainder into stocks paying 3% interest. The total annual income from these investments was $1020. How much did he invest at each rate? (show work please)

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Thomas invested $40,000. He put part of the money in an account paying 2% interest and the remainder into stocks paying 3% interest. The total annual income from these investments was $1020. How much
did he invest at each rate?
(show work please)