SOLUTION: Jolene invests i her savings and two bank accounts, one paying 5% and the other paying 12% interest per year she puts twice as much in the lower-yielding account because it’s les
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Question 1203509: Jolene invests i her savings and two bank accounts, one paying 5% and the other paying 12% interest per year she puts twice as much in the lower-yielding account because it’s less risky. If she earned $4202 of total interest for the year, how much was invested in each account?
She invested $ in the account earning 5% interest.
She invested $ in the account earning 12% interest. Answer by josgarithmetic(39617) (Show Source):
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invests i her savings and two bank accounts, one paying 5% and the other paying 12% interest per year
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If you mean to say she invests in TWO bank accounts, one at 5% and the other at 12%, then you can set up this:
x into the 12%
2x into the 5%
and you know what to do.....
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Be sure you know exactly the problem description. If it is the way I interpreted, then you can continue what I started and answer this yourself. You do this!
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