Theodore invests a total of $10,500 in two accounts. The first account earned a rate of return of 13% (after a year). However, the second account suffered a 9% loss in the same time period.

Question

Theodore invests a total of $10,500 in two accounts. The first account earned a rate of return of 13% (after a year). However, the second account suffered a 9% loss in the same time period. At the end of one year, the total amount of money gained was $265.00. How much was invested into each account?

_______$ was invested in the account that gained 13% and

_______$ was invested in the account that lost 9%.

Answer 1

$5500 was invested and gained 13%, while $5000 lost 9%