A woman has a total of $ 15 , 000 to invest. She invests part of the money in an account that pays 5 % per year and the rest in an account that pays 12 % per year. If the interest earned in the first year is $ 1240 , how much did she invest in each account?

Answer rating: 100% (QA)

Lets denote the amount invested at 5 per year as x and the amount invested at ... View the full answer