đź’ˇKeep us in your study toolbox - Bookmark us
bookmark us
close
girl-logo

Ask Questions

Question

Lowe Bryant

01/04/2020 · Junior High School

Jolene invests her savings in two bank accounts, one paying \( 5 \% \) and the other paying \( 12 \% \) interest per year. She puts twice as much in the lower-yielding account because it is less risky. If she earned \( \$ 3366 \) of total interest for the year, how much was invested in each account? She invested \(\$\) in the account earning \(5 \% \) interest. She invested \(\$\) in the account earning \(12 \% \) interest.

Answer
expertExpert-Verified Answer

Chang Stuart
Supertutor
4.0 (29votes)

30600,  15300

Still have questions?
Ask UpStudy online

  • 24/7 expert live tutors

  • Unlimited numbers of questions

  • Step-by-step explanations

Download UpStudy
📸 STUDY CAN BE A REAL STRUGGLE
Why Not UpStudy It?
Select your plan below
Premium

You can enjoy

  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to answer and
    solution
Basic
  • Limited Solutions