Jolene invests her savings in two bank accounts, onepaying 5 percent and the other paying 8 percent simpleinterest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interestis 4086 dollars. How much did she invest at each rate?Amount invested at 5 percent interest is $Amount invested at 8 percent interest is $

Answered: Image /qna-images/answer/24104ce6-a30b-4e82-8661-51b0cfaf4be8.jpg

Answered: Jolene invests her savings in two bank…

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter10: Systems Of Equations And Inequalities

Section10.CR: Chapter Review

Problem 26E

See similar textbooks

Similar questions

Two hoses can fill a swimming pool in 10 hours. It would take one hose 26 hours to fill the pool by itself. How long would it take for the other hose, working alone, to fill the pool?
The community college soccer team sold three kinds of tickets to its latest game. The adult tickets sold for $10, the student tickets for $8 and the child tickets for $5. The soccer team was thrilled to have sold 600 tickets and brought in $4,900 for one game. The number of adult tickets is twice the number of child tickets. How many of each type did the soccer team sell?
Washing windows Scott can wash 37 windows in 3 hours, and Bill can wash 27 windows in 2 hours. How long will it take the two of them to wash 100 windows?
A local band sells out for their concert. They sell all 1,175 tickets for a total purse of $28,112.50. The tickets were priced at $20 for student tickets, $22.50 for children, and $29 for adult tickets. If the band sold twice as many adult as children tickets, how many of each type was sold?
Brenda’s best friend is having a destination wedding and the event will last three days. Brenda has $500 in savings and can earn $15 an hour babysitting. She expects to pay $350 airfare, $375 for food and entertainment and $60 a night for her share of a hotel room. How many hours must she babysit to have enough money to pay for the trip?
Surfing lessons Dylan and Dusty plan to take weekly surfing lessons together. If the 2-hour lessons are 40 per person and they plan to spend 200 each on new surfboards, what is the maximum number of lessons the two can take if the total amount spent for lessons and surfboards is at most 960?

Recommended textbooks for you

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Algebra: Structure And Method, Book 1

Algebra

ISBN:

9780395977224

Author:

Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:

McDougal Littell

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Algebra: Structure And Method, Book 1

Algebra

ISBN:

9780395977224

Author:

Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:

McDougal Littell

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

Algebra for College Students

Algebra

ISBN:

9781285195780

Author:

Jerome E. Kaufmann, Karen L. Schwitters

Publisher:

Cengage Learning

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

Jolene invests her savings in two bank accounts, one paying 5 percent and the other paying 8 percent simple interest per year. She puts twice as much in the lower- yielding account because it is less risky. Her annual interest is 4086 dollars. How much did she invest at each rate?