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 4482 dollars. How much did she invest at each rate? Amount invested at 5 percent interest is $ Amount invested at 8 percent interest is $
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 4482 dollars. How much did she invest at each rate? Amount invested at 5 percent interest is $ Amount invested at 8 percent interest is $
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
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