Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments was 2380 dollars. How much money did she invest at each rate? At rate 4 percent : At rate 6 percent: Submit Question
Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments was 2380 dollars. How much money did she invest at each rate? At rate 4 percent : At rate 6 percent: Submit Question
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...
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![Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest
earning a rate of 6 percent per year. After one year the total interest earned on these investments was
2380 dollars. How much money did she invest at each rate?
At rate 4 percent:
At rate 6 percent:
Submit Question](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdb484c5d-6419-4589-8dc0-477fbb6c1fb3%2Fc5bcf347-b0d3-4310-9d4f-0e81d8bfd283%2Fofjkqwq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest
earning a rate of 6 percent per year. After one year the total interest earned on these investments was
2380 dollars. How much money did she invest at each rate?
At rate 4 percent:
At rate 6 percent:
Submit Question
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