SOLUTION: In her planning her retirement, Liza deposits some money at 3% interest, with twice as much deposited at 4.5%. Find the amount deposited at each rate if the total annual interest i

Question 853893: In her planning her retirement, Liza deposits some money at 3% interest, with twice as much deposited at 4.5%. Find the amount deposited at each rate if the total annual interest income is $2040.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi,

typo

Liza deposits some money  at 3% interest, with twice as much deposited at 4.5%. 

Question States*** the total annual interest income is $2040.

   .03x + .045(2x) = $2040

         .12x = $2040 

            x = $17,000 at 3%  and $34,000 at 4.5% 

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