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In planning her​ retirement, Liza deposits some money at 2​% ​interest, with twice as much deposited at 3.5​%. Find the amount deposited at each rate if the total annual interest income is ​$1620.
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In planning her​ retirement, Liza deposits some money at 2​% ​interest, with twice as much deposited at 3.5​%. Find the amount deposited at each rate if the total annual interest income is ​$1620.

User Hmunoz
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1 Answer

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Use this equation: P*r*t. Plug in the percentage, rate, and time (years) to solve for your interest! It's a simple problem and It would be good if you used that equation for these problems. Hope it helps!
User Viatcheslav Ehrmann
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