Question 10 <
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"Fatuma invests a total of $15,000 in two accounts paying 5% and 3% simple interest, respectively. How
much was invested in each account if, after one year, the total interest was $610.00.
A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use I
as your variable to represent the amount of money invested in the account paying 5% simple interest.
Equation:
B) The answers are:
was invested at 5% and
S
was invested at 3%.