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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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Aug 9, 2017
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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.
Mathematics
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Hmunoz
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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!
Viatcheslav Ehrmann
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Aug 16, 2017
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