Find the amount invested in both the tax-free account


A financial manager has $68,000 dollars to invest. Part of the money is invested in tax free bonds at 3% interest and the remainder in a taxable fixed account at 4%. Find the amount invested in both the tax-free account and the fixed account if the total yearly return on the two accounts is $2400.

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Accounting Basics: Find the amount invested in both the tax-free account
Reference No:- TGS0697702

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