Question: Solve each problem. Cookbook Royalties Becky earned $48,000 from royalties on her cookbook. She paid a 28% income tax on these royalties. The balance was

Solve each problem.

Cookbook Royalties Becky earned $48,000 from royalties on her cookbook. She paid a 28% income tax on these royalties. The balance was invested in two ways, some of it at 3.25% interest and some at 1.75%. The investments produced $904.80 interest per year. Find the amount invested at each rate.

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28 of 48000 is 13440 so after paying her income tax Becky had 34560 left to inv... View full answer

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