SOLUTION:
liza deposits some money at 1.5% interest, with twice as much deposited at 2%. Find the amount deposited at each rate if the total annual income is $1045
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Question 704445:
liza deposits some money at 1.5% interest, with twice as much deposited at 2%. Find the amount deposited at each rate if the total annual income is $1045
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
.015X+.02*2X=1045
.015X+.04X=1045
.055X=1045
X=1045/.055
X=$19000 AMOUNT INVESTED @ 1.5%.
2*19000=$38000 AMOUNT INVESTED @ 2%.
PROOF:
.015*19000+.02*38000=1045
285+760=1045
1045=1045
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