document.write( "Question 974236: In planning her retirement, Liza deposits some money at 2.5% interest, with twice as much deposited at 3.5%. Find the amount deposited at each rate if the total annual interest income is $1235. \n" ); document.write( "
Algebra.Com's Answer #596201 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! In planning her retirement, Liza deposits some money at 2.5% interest, with twice as much deposited at 3.5%. Find the amount deposited at each rate if the total annual interest income is $1235. \n" ); document.write( "------- \n" ); document.write( "Equation: \n" ); document.write( "int + int = int \n" ); document.write( "0.025x + 0.035(2x) = 1235 \n" ); document.write( "------------------------------ \n" ); document.write( "25x + 70x = 1235000 \n" ); document.write( "------- \n" ); document.write( "95x = 1235000 \n" ); document.write( "x = $13000 (amt. invested at 2.5%) \n" ); document.write( "---- \n" ); document.write( "2x = $26000 (amt. invested at 3.5%) \n" ); document.write( "------ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |