asked 123k views
3 votes
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?

1 Answer

6 votes

Answer:

266.5

Explanation:

$533.00*5%=266.5

answered
User Dinakar
by
8.0k points
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