Maria invests a total of $27,500 in two accounts. The first account earned a rate...
50.1K
Verified Solution
Link Copied!
Question
Basic Math
Maria invests a total of $27,500 in two accounts. The first account earned a rate of return of 14% (after a year). However, the second account suffered a 3% loss in the same time period. At the end of one year, the total amount of money gained was $1,045.00. How much was invested into each account?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!