Phyllis invested $10,500 a portion earning a simple interest rate of 9(1/4)% per year and the rest earning a rate of 9% per year, after one year the total interest earned on these investments was $963.75.00. How much money did she invest at each rate?

Question

06-10-2022
Mathematics

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Phyllis invested $10,500 a portion earning a simple interest rate of 9(1/4)% per year and the rest earning a rate of 9% per year, after one year the total interest earned on these investments was $963.75.00. How much money did she invest at each rate?

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