SOLUTION: Jolene invests her savings in two bank accounts, one paying 4% and the other paying 11% simple interest per year. She puts twice as much in the lower-yielding account because it i
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-> SOLUTION: Jolene invests her savings in two bank accounts, one paying 4% and the other paying 11% simple interest per year. She puts twice as much in the lower-yielding account because it i
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Question 1026492: Jolene invests her savings in two bank accounts, one paying 4% and the other paying 11% simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 3021 dollars. How much did she invest at each rate?
Amount invested at 4% interest is
Amount invested at 11% interest is Answer by mananth(16946) (Show Source):
