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Theodore invests a total of $19,500 in two accounts paying 8% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $2,400.00
A) Enter an equation that uses the information as it is given that can be used to solve this problem. Use x as your variable to represent the amount of money invested in the account paying 8% simple interest.

Answer :

Answer:

[tex]x+y=19500,\:0.08x+0.15y=2400\quad :\quad x=7500,\:y=12000[/tex]

Step-by-step explanation:

x + y = 19500

.08x + .15y = 2400

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