SOLUTION: Phyllis invested $13,000, a portion earning a simple interest rate of 1 1/2% per year and the rest earning a rate of 1% per year. After 1 year the total interest earned on these in

Question 897865: Phyllis invested $13,000, a portion earning a simple interest rate of 1 1/2% per year and the rest earning a rate of 1% per year. After 1 year the total interest earned on these investments was $175. How much money did she invest at each rate?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi

.015x + .01(13000-x) = 175  Solve for x 

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