Math Problem Statement
Marie invested K12000 in two different accounts at simple interest. The first one at 3 % for two years and the second one at 5.5% for 3 years. Both accounts earned K850 at their accumulated interest after their terms has matured. How much did Marie invested in each amount?
Solution
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Math Problem Analysis
Mathematical Concepts
Simple Interest
Systems of Equations
Financial Mathematics
Formulas
Simple Interest formula: I = PRT
Theorems
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Suitable Grade Level
Grades 10-12
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