Treena P.

asked • 01/29/13

Phyllis invested 41000 dollars,

Phyllis invested 41000 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 1940 dollars. How much money did she invest at each rate?

At rate 4 percent :
At rate 7 percent :

1 Expert Answer

By:

John R. answered • 01/29/13

John R: Math, Science, and History Teacher

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