Question

A business woman invests $38,000 into two accounts: one that returns 3.5% annual interest and one that returns 6.5% annual interest. After 1 year, she earns $1960. How much did she invest in each account?
$23,000 in the 3.5% interest account, $15,000 in the 6.5% interest account.

$26,000 in the 3.5% interest account, $12,000 in the 6.5% interest account.

$12,000 in the 3.5% interest account, $26,000 in the 6.5% interest account.

$17,000 in the 3.5% interest account, $21,000 in the 6.5% interest account.

Answer 1

$17,000 in the 3.5% interest account, $21,000 in the 6.5% interest account.