A total investment of $10,700 is made into two savings accounts. One account yields 5% simple interest and the other 6% simple interest. He earns a total of $624.00 interest for the year. How much was invested in the 5% account? $
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Answer:He earn $535.00 in the 5% accountStep-by-step explanation:[tex]I = \frac{prt}{100} [/tex]I = interest amountp = $10 700r = 5%t = 1 yearI = (10700×5×1)/100 = $535.00(Correct me if i am wrong)
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