Gary Invests a Total Of $\$ 21,000$ In Two Accounts, One Paying

question 25

Essay

Gary invests a total of $\$ 21,000$ in two accounts, one paying $5.5 \%$ simple interest per year and the other paying $8.5 \%$ simple interest per year. His annual interest from both accounts is $\$ 1,280$ . How much did he invest at each rate?

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Definitions:

Manic Depression

Also known as bipolar disorder, a mental illness characterized by extreme mood swings from mania to depression.

Paranoid Schizophrenia

A subtype of schizophrenia characterized by prominent delusions of persecution or grandeur, frequently accompanied by auditory hallucinations.

Disorganized Schizophrenia

A subtype of schizophrenia characterized by disorganized speech and behavior, and inappropriate or flat emotional responses.

Hallucination

A sensory experience of something that does not exist outside the mind, typically involving seeing or hearing things that aren't there.