SOLUTION: Please help me answer this question. It would help me a lot.
"In planning her retirement, Liza deposits some money at 2.5% interest, with twice as much deposited at 4%. Find the a
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"In planning her retirement, Liza deposits some money at 2.5% interest, with twice as much deposited at 4%. Find the a
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Question 831847: Please help me answer this question. It would help me a lot.
"In planning her retirement, Liza deposits some money at 2.5% interest, with twice as much deposited at 4%. Find the amount deposited at each rate if the total annual interest income is $1050." Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! This appears to be problem of simple interest,
not compound interest, so I will assume that
Let = the amount invested @ 2.5% interest is the amount invested @ 4% interest
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given:
and
$10.000 is invested @ 2.5% interest
$20,000 is invested @ 4% interest
check:
OK
