Reese Patel
07/04/2023 · Elementary School
You invested a total of \( \$ 40,000 \) at \( 3 \% \) and \( 4 \frac{1}{2} \% \) simple interest. During one year, the two accounts earned \( \$ 1575 \). How much did you invest in each account? \( 3 \% \) interest \( \$ \frac{1}{2} \% \) interest Submit Answer
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You invested $15,000 at \(3\%\) interest and $25,000 at \(4\frac{1}{2}\%\) interest.
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