A total value of $6,000 is invested into two simple interest accounts. The annual simple interest rate on one account is 9%; on the second account, the annual simple interest rate is 6%. How much should be invested in each account so that both accounts earn the same amount of annual interest.
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Home » Mathematics » A total value of $6,000 is invested into two simple interest accounts. The annual simple interest rate on one account is 9%; on the second account, the annual simple interest rate is 6%.