Jolene invests her savings in two bank accounts, one paying 5 percent and the other paying 8 percent simple interest per year. She puts twice as much in the lower- yielding account because it is less risky. Her annual interest is 4086 dollars. How much did she invest at each rate?

Q: John invests a total of $20,000, part at 10% and part at 12%. His total for one year is $2160. How…

A: Let the amount John invests at 10% = xLet the amount John invests at 12%=yFormulating equations:

Q: Nina invests $1,750 into two savings accounts. One account earns 3.5% annual interest and the other…

A: I am going to solve the given problem by using some simple algebra to get the required result.

Q: A man invested $20,000 in the bank. Apart ofit was invested at 5% and the rest at 10%. The total…

A: Introduction :Given , amount invested in the bank = $20,000investment rates are given as 5% and…

Q: One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who…

A:

Q: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

A: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

Q: Luisa invested $30,000, part at 9% and another part at 5%. If the total profit he receives is $1,950…

A:

Q: emily kailyn received an inheritance of $208,000.00 from her grandfather and invested part at 10%…

A: Follow below steps to obtain the answer: -As we know that formula for calculating simple interest is…

Q: Sidney invests $500 in one account earning 1% interest, and $1000 in another account. If, after two…

A: we need to find out the interest rate of second account earning per year.