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

Investor invested $7,800 at 8% and $6,200 at 6.5%

Step-by-step explanation:

Use formula

where

I = interest

P = principal

r = rate (as decimal)

t = time

First investment:

then

Second investment:

then

The amount of interest earned for 1 year was $1,027, then

Investor invested $7,800 at 8% and $6,200 at 6.5%

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step-by-step explanation:

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