SOLUTION: Phyllis invested $13,000, a portion earning a simple interest rate of
9 1/5% per year and the rest earning a rate of 9% per year. After one year the total interest earned on thes
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9 1/5% per year and the rest earning a rate of 9% per year. After one year the total interest earned on thes
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Question 1020884: Phyllis invested $13,000, a portion earning a simple interest rate of
9 1/5% per year and the rest earning a rate of 9% per year. After one year the total interest earned on these investments was $1,186.00. How much money did she invest at each rate? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = the amount invested @ 9% = the amount invested @ 9.2%
--------------------------------------- = interest earned per year @ 9% = interest earned per year @ 9.2%
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and
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$5,000 = the amount invested @ 9%
$8,000 = the amount invested @ 9.2%
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check:
OK
