SOLUTION: Phyllis invested $12,000, a portion earning a simple interest rate of
4 1/2% per year and the rest earning a rate of 4% per year. After 1 year the total interest earned on these
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Phyllis invested $12,000, a portion earning a simple interest rate of
4 1/2% per year and the rest earning a rate of 4% per year. After 1 year the total interest earned on these
Log On
Question 1121641: Phyllis invested $12,000, a portion earning a simple interest rate of
4 1/2% per year and the rest earning a rate of 4% per year. After 1 year the total interest earned on these investments was $520. How much money did she invest at each rate? Answer by ikleyn(52781) (Show Source):
