Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jolene invested her savings in two bank accounts one paying 6 percent and the other paying 9 percent simple interest per year She puts twice

image text in transcribed
image text in transcribed

Jolene invested her savings in two bank accounts one paying 6 percent and the other paying 9 percent simple interest per year She puts twice as much in the lower yielding account because it is less risky Her annual interest was 4683 Construct a system of equations and solve it to find out how much did she invested at eac She invested She invested at 6 at 9

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Non-Archimedean Operator Theory

Authors: Toka Diagana, François Ramaroson

1st Edition

331927323X, 9783319273235

More Books

Students also viewed these Mathematics questions

Question

Identify the most stable compound:

Answered: 1 week ago

Question

Describe the specific accounts used by a merchandising firm.

Answered: 1 week ago