SOLUTION: Jolene invests her savings in two bank accounts, one paying 6 percent and the other paying 8 percent simple interest per year. She puts twice as much in the lower-yielding account

Question 1130090: Jolene invests her savings in two bank accounts, one paying 6 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 9060 dollars. How much did she invest at each rate?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x principal at 8%
2x principal at 6%
interest is .08x+.12x=.20x=9060
x=$45300 @ 8% is $3624
2x=$90600 @ 6% is $5436
add to $9060.
RELATED QUESTIONS
Jolene invests her savings in two bank accounts, one paying 5 percent and the other... (answered by josmiceli)

Jolene invests her savings in two bank accounts, one paying 6 percent and the other... (answered by ikleyn)

I am having a problem setting this question up to solve Jolene invests her savings in (answered by Earlsdon)

Jolene invests her savings in two bank accounts, one paying 4 percent and the other... (answered by ikleyn)

Jolene invests her savings in two bank accounts, one paying 5 percent and the other... (answered by ikleyn)

Jolene invests her savings in two bank accounts, one paying 6 percent and the other... (answered by ikleyn)

Jolene invests her savings in two bank accounts, one paying 5 percent and the other... (answered by addingup)