Matthew has $40,000 invested in a checking account paying 3.7% per year and a savings account paying 6.3% per year. The total interest earned in the two accounts at the end of the year was equivalent...

Matthew has $40,000 invested in a checking account paying 3.7% per year and a savings<br>account paying 6.3% per year. The total interest earned in the two accounts at the end of<br>the year was equivalent to an 5.5% on the entire $40,000. How much was invested in each<br>account?<br>

Extracted text: Matthew has $40,000 invested in a checking account paying 3.7% per year and a savings account paying 6.3% per year. The total interest earned in the two accounts at the end of the year was equivalent to an 5.5% on the entire $40,000. How much was invested in each account?

Jun 11, 2022

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Matthew has $40,000 invested in a checking account paying 3.7% per year and a savings account paying 6.3% per year. The total interest earned in the two accounts at the end of the year was equivalent...

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