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