Question: phyllis invested 7500 a portion earning a simple interest rate...
Phyllis invested $7,500, a portion earning a simple interest rate of 6 1/2% per year and the rest earning a rate of 6% per year.
After 1 year the total interest earned on these investments was $480. How much money did she invest at each rate? %
|$ ____||at 6 1/2%|
|$ ____||at 6%|