Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying 11 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 7089 dollars. How much did she invest at each rate? Amount invested at 3 percent interest is $ Amount invested at 11 percent interest is $

Algebra and Trigonometry (MindTap Course List)
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ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
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Chapter10: Systems Of Equations And Inequalities
Section10.CR: Chapter Review
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Jolene invests her savings in two bank accounts, one paying 3 percent and the other
paying 11 percent simple interest per year. She puts twice as much in the lower-yielding
account because it is less risky. Her annual interest is 7089 dollars. How much did she
invest at each rate?
Amount invested at 3 percent interest is $
Amount invested at 11 percent interest is $
Transcribed Image Text:Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying 11 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 7089 dollars. How much did she invest at each rate? Amount invested at 3 percent interest is $ Amount invested at 11 percent interest is $
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