SOLUTION: Can someone help me to workout and answer this word problem? Lynn invests $800 at a certain interest rate and $2000 at a rate that is 4% higher. She earned $146 more in annual inte

Question 714260: Can someone help me to workout and answer this word problem? Lynn invests $800 at a certain interest rate and $2000 at a rate that is 4% higher. She earned $146 more in annual interest on the larger investment than on the smaller one. Find each interest rate expressed as a percent.

Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the rate for the $800 investment
= the rate for the $2,000 investment
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given:

The rate for the $800 investment is 5.5%
The rate for the $2,000 investment is 9.5%

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