SOLUTION: Phyllis invested $12,000, a portion earning a simple interest rate of
4 1/2% per year and the rest earning a rate of 4% per year. After 1 year the total interest earned on these
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Question 1121641: Phyllis invested $12,000, a portion earning a simple interest rate of
4 1/2% per year and the rest earning a rate of 4% per year. After 1 year the total interest earned on these investments was $520. How much money did she invest at each rate?
Answer by ikleyn(52786) (Show Source): You can put this solution on YOUR website!
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Today I just solved a similar (TWIN) problem under this link
https://www.algebra.com/algebra/homework/word/travel/Travel_Word_Problems.faq.question.1121631.html
https://www.algebra.com/algebra/homework/word/travel/Travel_Word_Problems.faq.question.1121631.html
It is your SAMPLE.
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Phyllis invested
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35000
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4
(answered by ikleyn,greenestamps)