How can $40,000 be invested, part at 9% annual simple interest and the remainder at 11% annual simple interest, so that the

Question

How can $40,000 be invested, part at 9% annual simple interest and the remainder at 11% annual simple interest, so that the interest earned by the two accounts will be equal?
The amount to invest at 9% is $ .....

Kunduz · Accepted Answer

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