document.write( "Question 1103774: Liza deposits some money at 2% interest. with twice as much deposited at 4%. Find the amount deposited at each rate if the total annual interest income is 1200 \n" ); document.write( "
Algebra.Com's Answer #718470 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x is the amount of money at the 2% rate \n" ); document.write( ".02x+.04(2x)=1200 \n" ); document.write( ".02x+.08x=1200 \n" ); document.write( ".10x=1200 \n" ); document.write( "x=$12,000@2% is $240. \n" ); document.write( "2x=$24,000@4% is $960. \n" ); document.write( "That adds to $1200. \n" ); document.write( " |