Hi,

Phyllis invested $8,000, a portion earning a simple interest rate of 3 1/4% per year 

and the rest earning a rate of 3% per year

Question states***interest earned on these investments was $256.25

 .0375x + .03(8000-x) = 256.25     |Solve for  x and then find (8000-x)

    

Wish You the Best in your Studies. 

RELATED QUESTIONS

Phyllis invested $10,000, a portion earning a simple interest rate of 3 1/5%
per year... (answered by mananth)

Phyllis invested $11,500, a portion earning a simple interest rate of 5 1/4% per year and  (answered by jorel555)

Phyllis invested $13,500, a portion earning a simple interest rate of 
4 1/2% per year... (answered by josmiceli)

Phyllis invested $9,500, a portion earning a simple interest rate of 
8 1/5% per year... (answered by macston)

Phyllis invested $10,500, a portion earning a simple interest rate of 8 1/5% per year and  (answered by Boreal)

Phyllis invested $12,000, a portion earning a simple interest rate of 
4 1/2%  per year... (answered by ikleyn)

Phyllis invested $12,000, a portion earning a simple interest rate of 4 and 1/2% per year  (answered by elima)

Phyllis invested $12,000, a portion earning a simple interest rate of 4 and 1/2% per year  (answered by rfer)

Phyllis invested $ 12,000, a portion earning a simple interest rate of 4 1/2% per year... (answered by checkley71)