9) Tony the Tiger spent $95 on 5 sweaters that each cost the
2 answers:
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Answer:
The amount in the first account is $5,700
The amount in the second account is $1,300
Step-by-step explanation:
Let the mount invested in the first account be and the one invested in the second account be
.
Then the total principal is ---->(1)
The interest in the first account is
The interest in the first account is
The total interest for the year is 262.00.
This implies that:
---->(2)
We solve the two equations simultaneously to get:
and