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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asked Jul 6, 2022 41.7k views

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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

Jonio asked

by Jonio

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1 Answer

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Answer:

Explanation:

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

.12x = $2040

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

Syakur Rahman answered Jul 11, 2022

by Syakur Rahman

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