Register
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.
112k views
2 votes
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
by
7.4k points

1 Answer

3 votes
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
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!