In planning her​ retirement, Liza deposits some money at 1.5% ​interest, with twice as much deposited at 2.5%. Find the amount deposited at each rate if the total annual interest income is ​$715715.

Kade Reese 2022-07-27 Answered
In planning her​ retirement, Liza deposits some money at 1.5% ​interest, with twice as much deposited at 2.5%. Find the amount deposited at each rate if the total annual interest income is ​$715715.
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Answers (1)

Alanna Downs
Answered 2022-07-28 Author has 11 answers
Total interest = ( x ) ( 1.5 ) ( 1 ) 100 + ( 2 x ) ( 2.5 ) ( 1 ) 100 = 715715 ( 1.5 ) x + ( 5 x ) = 71571500 ( 6.5 ) x = 71571500 x = 11011000 $
amount deposited ar 1.5%=11011000 $
ar 2.5%=2(11011000)=22022000$

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