Keionna R.

asked • 04/10/22

Amount invested at 4 percent and 11 percent interest

Jolene invests her savings in two bank accounts, one paying 4 percent and the other paying 11 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 3078 dollars. How much did she invest at each rate? 


Amount invested at 4 percent interest is $Incorrect 

Amount invested at 11 percent interest is $

1 Expert Answer

By:

Raymond B. answered • 04/11/22

Tutor
5 (2)

Math, microeconomics or criminal justice

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