Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. jolene invests her savings in two bank accounts on

Jolene invests her savings in two bank accounts one paying 6 percent and the other...

50.1K

Verified Solution

Question

Algebra

image

Jolene invests her savings in two bank accounts one paying 6 percent and the other paying 8 percent simple interest per year She puts twice as much in the lower yielding account because it is less risky Her annual interest is 2460 dollars How much did she invest at each rate Amount invested at 6 percent interest is 23800 Amount invested at 8 percent interest is 47600 X X

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Monica bought a $2000 4K Ultra HD TV for 10% down, with the balance to be...

Basic Math
1.2K views

In a sociology course, the professor informed the students of a recent exam ratio of...

Statistics
1.2K views

The histogram on the right represents the connection time in seconds to an internet provider...

Statistics
1.2K views

75 Salaries for entry level managers at a restaurant chain are normally distributed with a...

Accounting
1.2K views

do statement of retained earning Required: On the following pages, prepare the...

Accounting
1.2K views

om Help Save& Exit Submit Check my Sharp Company manufactures a product for which the...

Accounting
1.2K views

Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover...

Accounting
1.2K views

A company reports the following amounts at the end of 2024(before adjustment): \table[[3,,$...

Finance
1.2K views

Sue realizes that she has charged too much on her credit card and has racked...

Accounting
1.2K views

Is it more profitable to receive $3,000 now or $4,500 in nine years? Assume that...

Finance
1.2K views

Beryl's Iced Tea currently rents a bottling machine for $51 000 per year, including all...

Accounting
1.2K views

The following information is from Dessert Dynasty. The company runs three stores and the December...