SOLUTION: Phyllis invested $9,500, a portion earning a simple interest rate of 1 1/2% per year and the rest earning a rate of 1% per year. After one year the total interest earned on these

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Phyllis invested $9,500, a portion earning a simple interest rate of 1 1/2% per year and the rest earning a rate of 1% per year. After one year the total interest earned on these      Log On

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Question 1049579: Phyllis invested $9,500, a portion earning a simple interest rate of
1 1/2% per year and the rest earning a rate of 1% per year. After one year the total interest earned on these investments was $130.00. How much money did she invest at each rate?

Answer by advanced_Learner(501) About Me  (Show Source):