a person plans to invest twice as much money in a lord abbett developing growth B account at 8.2% annual interest as in a bridge
way micro-cap limited account at 21.5% annual interest. how much should the person invest in each account to earn a total of $758 in one year?
1 answer:
Answer:
The amount invested in the account that paid 8.2% is $4,000 and the amount invested in the account that paid 21.5% is $2,000
Step-by-step explanation:
Let
2x -----> the amount invested in the account that paid 8.2%
x -----> the amount invested in the account that paid 21.5%
in this problem we have
we know that
Solve for x
so
therefore
The amount invested in the account that paid 8.2% is $4,000 and the amount invested in the account that paid 21.5% is $2,000
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