You invested $28,000 in two accounts paying 2% and 8% annual interest, respectively. If the total interest earned for the year was $1,040, how much was invested at each rate?

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11-06-2024
Business

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You invested $28,000 in two accounts paying 2% and 8% annual interest, respectively. If the total interest earned for the year was $1,040, how much was invested at each rate?

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