Kimberly invests $1300 in one account and $1400 in an account paying 3 % higher interest. At the end of one year she had earned $312 in interest. At what rates did she invest? $1300 invested at % $1400 invested at %

Kimberly invests $1300 in one account and $1400 in an account paying 3 % higher interest. At the end of one year she had earned $312 in interest. At what rates did she invest? $1300 invested at % $1400 invested at %

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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Question

Kimberly invests $1300 in one account and $1400
in an account paying 3 % higher interest. At the
end of one year she had earned $312 in interest.
At what rates did she invest?
$1300 invested at %
$1400 invested at

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