you invested $20,000 in two accounts paying 3% and 5% annual interest, respectively. if the total interest…

you invested $20,000 in two accounts paying 3% and 5% annual interest, respectively. if the total interest earned for the year was $880, how much was invested at each rate? the amount invested at 3% is $□.

you invested $20,000 in two accounts paying 3% and 5% annual interest, respectively. if the total interest earned for the year was $880, how much was invested at each rate? the amount invested at 3% is $□.

Answer

Explanation:

Step1: Let the amount invested at 3% be $x$.

Let the amount invested at 5% be $y$. We know that $x + y[SSE Completed, Client Connection Error][SSE onError error]