Chavez Cummings
02/17/2023 · Junior High School

Jolene invests her savings in two bank accounts, one paying 6 percent and the other paying 10 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less risky. Her annual interest is 5412 dollars. How much did she invest at each rate? Amount invested at 6 percent interest is Amount invested at 10 percent interest is

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Amount invested at 6 percent interest: $49,200 Amount invested at 10 percent interest: $24,600

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