Chase W.

asked • 09/25/17

Interest Rate

Phyllis invested $9,500, a portion earning a simple interest rate of 1 1/4%
per year and the rest earning a rate of 1% per year. After one year the total interest earned on these investments was $116.25. How much money did she invest at each rate?

1 Expert Answer

By:

Andy C. answered • 09/25/17

Tutor
4.9 (27)

Math/Physics Tutor

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