Phyllis invested 22000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these investments was 1210 dollars. How much money did she invest at each rate?

At rate 4 percent :      

in Calculus Answers by

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Answer

split 22,000$ in half

4%av 11,000=440$

7%av 11,000=770$

770+440=1,210$
by

Related questions

1 answer
asked Oct 23, 2013 in Pre-Algebra Answers by Jessica | 614 views
1 answer
Welcome to MathHomeworkAnswers.org, where students, teachers and math enthusiasts can ask and answer any math question. Get help and answers to any math problem including algebra, trigonometry, geometry, calculus, trigonometry, fractions, solving expression, simplifying expressions and more. Get answers to math questions. Help is always 100% free!
87,516 questions
100,279 answers
2,420 comments
733,281 users