ummemalik ummemalik

13-03-2022
Mathematics

contestada

Sal Boxer decided to divide a gift of $7000 into two different accounts. He placed $1000 in an account that earns an annual simple interest rate of 7.5%. The remaining money was placed in an account that earns an annual simple interest rate of 7.75%. How much interest will Sal earn from the two accounts after one year?

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nathanboylen nathanboylen

13-03-2022

Answer:

Total yearly interest for the two accounts is: $570

Step-by-step explanation:

0.075*1000+0.0825*6000=570

75.0+495.0=570

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