SOLUTION: In planning her retirement, Liza deposits some money at 4% interest, with twice as much deposited at 5%. Find the amount deposited at each rate if the total annual interest income
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Question 644327: In planning her retirement, Liza deposits some money at 4% interest, with twice as much deposited at 5%. Find the amount deposited at each rate if the total annual interest income is $1960. Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let | = amount invested at 4% = amount invested at 5%
given:
$14,000 is invested at 4%
$28,000 is invested at 5%
check:
OK
