An investment club placed 33000 into two simple interest accounts the annual simple rate is 7.5 percent on the other hand the annual simple interest rate is 3.5 percent how much should be invested into each account so that both accounts earn the same annual interest??

Answer rating: 100% (QA)

Lets denote the amount invested at 75 as x and the amount invested at 35 as y We know t... View the full answer