Last year, Nicole had to invest. She invested some of it in an account that paid simple interest per year, and she invested the
rest in an account that paid simple interest per year. After one year, she received a total of in interest. How much did she invest in each account?
1 answer:
Since there are no values in the question asked, we will assign values and calculate in order to enhance understanding of this sort of question.
Let $12,000 be the total amount invested. Let the first account pay 14% simple interest and the second account pay 23% simple interest.
Let the total interest received after one year be $2,310.
Answer:
She invested $5,000 in the first account and $7,000 in the second account.
Explanation:
Please kindly check the attached files for explanation.
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