An investment advisor invested &14,000 in tow accounts. One investment earned 8% annual simple interest. And the other 6.5%
annual simple interest. The amount of interest earned for 1 year was $1,027 how much was invested
1 answer:
Answer:
Step-by-step explanation:
.08*x+.065(14000-x)=1027
.08x+910-.065x=1027
.015x=1027-910
.015x=117
x=117/.015
x=7800
7800 on 8% account
14000 - 7800=6200
6200 on 6.5% account
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