SOLUTION: Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying 11 percent simple interest per year. She puts twice as much in the lower-yielding account
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying 11 percent simple interest per year. She puts twice as much in the lower-yielding account
Log On
Question 905062: Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying 11 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is $2754. How much did she invest at each rate? Answer by richwmiller(17219) (Show Source):
