Question

LEIM deposits some money in an account which pays 5% simple interest per year, and twice that amount in an account paying 4% simple interest per year. If he collects $533.00 in interest after one year, how much did he deposit in the account that has a 5% rate?

Answer 1

The answer is 266.5 hope this helps

Answer 2

266.5

Explanation:

$533.00* 5%=266.5