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Tyler Has Two Savings Accounts That His Grandparents Opened for Him

Question 137

Multiple Choice

Tyler has two savings accounts that his grandparents opened for him. The two accounts pay 12% and 18% in annual interest; there is $400 more in the account that pays 18% than there is in the other account. If the total interest for a year is $252, how much money does he have in each account?


A) $600 invested at 12%, $1,000 invested at 18%
B) $1,200 invested at 12%, $1,600 invested at 18%
C) $700 invested at 12%, $1,100 invested at 18%
D) $550 invested at 12%, $950 invested at 18%
E) $650 invested at 12%, $1,050 invested at 18%

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