In planning her retirement, Liza deposits some money at 4.5 % interest, with twice as much deposited at 5 %. Find the amount deposited at each rate if the total annual interest income is $2755.

She deposited $_ at 4.5 % and $_ at 5 %.

Question

Mathematics

Raelynn Faulkner

16 April, 22:49

In planning her retirement, Liza deposits some money at 4.5 % interest, with twice as much deposited at 5 %. Find the amount deposited at each rate if the total annual interest income is $2755.

She deposited $_ at 4.5 % and $_ at 5 %.

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Answers (1)

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Arely Johns · Answer 1

For this problem, we can assume that we deposits X money at 4.5% interest, than we can know that 2X were deposited at 5% interest, therefore we can get the equation of: 4.5%*X+5%*2X=2755, than we can get X=19000, so the 2X=38000, than we can concluded that: she deposited $19000 at 4.5% and $38000 at 5%.

In planning her retirement, Liza deposits some money at 4.5 % interest, with twice as much deposited at 5 %. Find the amount deposited at each rate if the total annual interest income is $2755.She deposited $___ at 4.5 % and $___ at 5 %.

In planning her retirement, Liza deposits some money at 4.5 % interest, with twice as much deposited at 5 %. Find the amount deposited at each rate if the total annual interest income is $2755.

She deposited $_ at 4.5 % and $_ at 5 %.