SOLUTION: Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 8 percent simple interest per year. She puts twice as much in the lower-yielding account
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Question 1149476: Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 8 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 7840 dollars. How much did she invest at each rate? Answer by ikleyn(52749) (Show Source):
