Answer:
Juan invested $ 165,000 at a rate of return of 3%, and $ 185,000 in the account that had losses of 2% per year.
Explanation:
Given that Juan invests a total of $ 350,000 in two accounts, and the first account earned a rate of return of 3% (after a year), but however, the second account suffered a 2% loss in the same time period, and at the end of one year, the total amount of money gained was $ 1250, to determine how much was invested into each account, the following calculation must be performed:
175,000 x 0.03 - 175,000 x 0.02 = 1,750
160,000 x 0.03 - 190,000 x 0.02 = 1,000
165,000 x 0.03 - 185,000 x 0.02 = 1,250
Therefore, Juan invested $ 165,000 at a rate of return of 3%, and $ 185,000 in the account that had losses of 2% per year.
= 0.0832 hours