rate of 22% per year and the rest ea 2% per year. After one year the total interest earned on these investments was $255.00. How much at each rate? at 21% per year $ at 2% per year X

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
Question

  Pls solve this question correctly instantly in 5 min i will give u 3 like for sure

Phyllis invested $11,000, a portion earning a simple interest rate of 21% per year and the rest earning a rate
of
2% per year. After one year the total interest earned on these investments was $255.00. How much money did she invest
at each rate?
at 21% per year $
at 2% per year
X
x
Transcribed Image Text:Phyllis invested $11,000, a portion earning a simple interest rate of 21% per year and the rest earning a rate of 2% per year. After one year the total interest earned on these investments was $255.00. How much money did she invest at each rate? at 21% per year $ at 2% per year X x
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL