Phyllis invested 65000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments was 3280 dollars. How much money did she invest at each rate? At rate 4 percent : Preview At rate 6 percent: Preview

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
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Phyllis invested 65000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year.
After one year the total interest earned on these investments was 3280 dollars. How much money did she invest at each rate?
At rate 4 percent :
Preview
At rate 6 percent :
Preview
Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
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Transcribed Image Text:Phyllis invested 65000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments was 3280 dollars. How much money did she invest at each rate? At rate 4 percent : Preview At rate 6 percent : Preview Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4) Enter DNE for Does Not Exist, oo for Infinity Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4) Enter DNE for Does Not Exist, oo for Infinity MacBook Pro CSearch or type URL @ %23 3 %24 & 2 4 6 8 9 delete W E R Y P D G H J K L C command option V - * 00 כ ト
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