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OpenStudy (nylyak76):
You invested $18,000 in two accounts paying 6% and 9% annual interest respectively. if the total interest earned for the year was $1380 how much was invested at each rate?
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OpenStudy (mathmale):
You have 2 different amounts of money to invest at different rates. Choose two letters, one to represent the amount of $ invested at 6% and another to repr the amt of $ invested at 9%. Write two equations: one for the sum of the 2 amts. of $ invested, the other for the interest earned.
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