Algebra: a simple interest account
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Gina wants to invest a total of $30000 into two savings accounts, one paying 6% per year and the other paying 9% per year (more riskier) in interest. After 1 year she wants a total interest to be $2100. how much should she invest in both?
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Solution Summary
The solution finds interest of two saving accounts.
Education
- BSc, University of Bucharest
- MSc, Ovidius
- MSc, Stony Brook
- PhD (IP), Stony Brook
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