Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rebecca invests money in two accounts. One bank pays 3.5% on her investment of $12,000 while the other pays 4% on her investment of $20,000.
Rebecca invests money in two accounts. One bank pays 3.5% on her investment of $12,000 while the other pays 4% on her investment of $20,000. How long is the term of investment if the total interest is $305?
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