SOLUTION: Rachel Rays has a total of $4,500 to invest for 1 year. She Deposits $3,000 into an account earning 6.5% annual simple interest and the rest into an account earning 8% annual simpl

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Rachel Rays has a total of $4,500 to invest for 1 year. She Deposits $3,000 into an account earning 6.5% annual simple interest and the rest into an account earning 8% annual simpl      Log On

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Question 910906: Rachel Rays has a total of $4,500 to invest for 1 year. She Deposits $3,000 into an account earning 6.5% annual simple interest and the rest into an account earning 8% annual simple interest. How much did Rachel earn?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
.065*4500+.08*3000=int