Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 9 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is $6171. How much did she invest in the 4 percent account? 24

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter2: Equations And Inequalities
Section2.3: Models And Applications
Problem 23SE: Paul has $20,000 to invest. His intent is to earn11% interest on his investment. He can invest part...
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Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 9 percent simple
interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual
interest is $6171. How much did she invest in the 4 percent account?
%24
Transcribed Image Text:Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 9 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is $6171. How much did she invest in the 4 percent account? %24
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