Question:

Juan had $21600 and chose to split the money into two

Last updated: 8/14/2022

Juan had $21600 and chose to split the money into two

Juan had $21600 and chose to split the money into two different mutual funds. During the first year, Fund A earned 8% interest and Fund B earned 6% interest. If he received a total of $1504 in interest, how much had he invested into each account? Juan invested $ into Fund A. Juan invested $ into Fund B.