Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Phyllis invested $13,000, a portion earning a simple interest rate of 9 1 5 % per year and the rest earning a rate of 9%
Phyllis invested $13,000, a portion earning a simple interest rate of 9 1 5 % per year and the rest earning a rate of 9% per year. After one year the total interest earned on these investments was $1,187.00. How much money did she invest at each rate? at 9 1 5 % per year $ at 9% per year $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started