Phyllis invested 47000 dollars, a portion earning a simple interest rate of 5 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these investments was 2750 dollars. How much money did she invest at each rate? At rate 5 percent : At rate 7 percent :

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Phyllis invested 47000 dollars, a portion earning a simple
interest rate of 5 percent per year and the rest earning a
rate of 7 percent per year. After one year the total interest
earned on these investments was 2750 dollars. How much
money did she invest at each rate?
At rate 5 percent :
At rate 7 percent :
Transcribed Image Text:Phyllis invested 47000 dollars, a portion earning a simple interest rate of 5 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these investments was 2750 dollars. How much money did she invest at each rate? At rate 5 percent : At rate 7 percent :
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