Mathematics, 23.08.2021 05:10 nikeabrown01

Aaron has $7500 to invest. He will invest some of it in a long-term IRA paying 4% simple interest and
the rest in a short-term CD earning 2.5% simple in-
terest. After 1 year, Aaron's investments have earned
$225 in interest. How much did Aaron invest in each
account?

Answers: 2

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Aaron has $7500 to invest. He will invest some of it in a long-term IRA paying 4% simple interest and the rest in a short-term CD earning 2.5% simple in- terest. After 1 year, Aaron's investments have earned $225 in interest. How much did Aaron invest in each account?

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Another question on Mathematics

Aaron has $7500 to invest. He will invest some of it in a long-term IRA paying 4% simple interest and
the rest in a short-term CD earning 2.5% simple in-
terest. After 1 year, Aaron's investments have earned
$225 in interest. How much did Aaron invest in each
account?