Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 9 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is $6171. How much did she invest in the 4 percent account? 24

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...
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Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 9 percent simple
interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual
interest is $6171. How much did she invest in the 4 percent account?
%24
Transcribed Image Text:Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 9 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is $6171. How much did she invest in the 4 percent account? %24
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