Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying...

Transcribed Image Text:

Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying 8 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 6958 dollars. How much did she invest at each rate? Amount invested at 3 percent interest is $ Amount invested at 8 percent interest is $ Jolene invests her savings in two bank accounts, one paying 3 percent and the other paying 8 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 6958 dollars. How much did she invest at each rate? Amount invested at 3 percent interest is $ Amount invested at 8 percent interest is $

Answer rating: 100% (QA)

Allow x to be aggregated to place assets into the loweryielding record T... View the full answer