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A person invested in two accounts, one paying 4% simple annual interest and the other paying 3% interest. He earned a total of $1950 in
A person invested in two accounts, one paying 4% simple annual interest and the other paying 3% interest. He earned a total of $1950 in interest. If he invested three times as much in the 4% account as in the 3% account, how much did he invest at each rate? .1: Let x = amount invested at 4% and y = amount invested at 3%. Begin by creating a table. Enter the rate of interest for both amounts x and y, in the second column below. Write each rate of interest as a percent and as a decimal. Amount invested Rate of interest Interest for one (in dollars) year (in dollars) (Type integers or decimals.)
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