SOLUTION: Rachel Rays has a total of $4,500 to invest for 1 year. She Deposits $3,000 into an account earning 6.5% annual simple interest and the rest into an account earning 8% annual simpl
Algebra.Com
Question 910906: Rachel Rays has a total of $4,500 to invest for 1 year. She Deposits $3,000 into an account earning 6.5% annual simple interest and the rest into an account earning 8% annual simple interest. How much did Rachel earn?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.065*4500+.08*3000=int
RELATED QUESTIONS
erica invests some money in three different accounts. she put some of it in a CD earning... (answered by ikleyn)
Janay invested a total of $1200, some in an account earning 6% simple interest, and the... (answered by TimothyLamb)
Last year, Ivanna had $10,000 to invest. She invested some of it in an account that paid... (answered by josgarithmetic)
A bank features a savings account that has an annual percentage rate of 3.6 % with... (answered by ikleyn)
1. Ellen has $8000 to invest in an RESP (Registered Education Savings Plan) for 7 years.... (answered by josmiceli)
Juanita has 22000 to invest in two accounts that pay simple interest on an annual basis.... (answered by mananth)
Juanita has $24,000 to invest in two accounts that pay simple interest on an... (answered by lwsshak3)
1)Suppose you invest $150 at the end of each month for 6 years into an account earning 6% (answered by ikleyn)
Emma is saving money for college. She has $800 and wants to deposit it into 2 different... (answered by ikleyn)