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In planning her​ retirement, Liza deposits some money at 2% interest, with twice as much deposited at 5​%. Find the amount deposited at each rate if the total annual interest in…

In planning her​ retirement, Liza deposits some money at 2% interest, with twice as much deposited at 5​%. Find the amount deposited at each rate if the total annual interest in…
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4 votes
In planning her​ retirement, Liza deposits some money at

2% interest, with twice as much deposited at 5​%. Find the amount deposited at each rate if the total annual interest income is $2040.

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User Rechlay
by
8.2k points

1 Answer

4 votes

95x = 1235000

x = $13000 (amt. invested at 2.5%)

----

2x = $26000 (amt. invested at 3.5%)

answered
User Roet
by
7.3k points
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