In planning her retirement, Liza deposits some money at 3% interest, with twice as much deposited at 4.5%. Find the amount deposited at each rate if the total annual interest income is $2400.

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Shravan asked Aug 14, 2022

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In planning her retirement, Liza deposits some money at 3% interest, with twice as much deposited at 4.5%. Find the amount deposited at each rate if the total annual interest income is $2400.

Mathematics
college

Shravan asked Aug 14, 2022

by Shravan

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12 votes

Answer:

Explanation:

.03x + .045(2x) = $2040

.12x = $2040

x = $17,000 at 3% and $34,000 at 4.5%

Leonid Glanz answered Aug 19, 2022

by Leonid Glanz

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