I need help with this Algebra financial problems.
1. A charity deposited a total of $54,000 in two simple interest accounts. The annual simple interest rate on one account is 8%. The annual simple interest rate on the second account is 12%. How much was invested in each account if the total annual interest earned is 9% of the total investment?
2. Suki Hiroshi has made an investment of $2,500 at an annual simple interest rate of 7%. How much money does she have invested at an annual simple interest rate of 11% if the total interest earned is 9% of the total investment?
Thanks in advance for your help.
1. A charity deposited a total of $54,000 in two simple interest accounts. The annual simple interest rate on one account is 8%. The annual simple interest rate on the second account is 12%. How much was invested in each account if the total annual interest earned is 9% of the total investment?
2. Suki Hiroshi has made an investment of $2,500 at an annual simple interest rate of 7%. How much money does she have invested at an annual simple interest rate of 11% if the total interest earned is 9% of the total investment?
Thanks in advance for your help.