You have 2 different savings accounts. For Account A, the simple interest earned after 21 months is $6.30. For Account B, the simple interest earned after 33 months is $26.40. If the interest rate is 3.6% for Account A and 3.4% for Account B, how much is the principal in each account? Which account earned you the most interest the first month? Explain your answer.
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You invested $13,000 in two accounts... You invested $13,000 in two accounts paying 5% and 7% annual interest, respectively. If the total interest earned for the year was $850, how much was invested at each rate?
