<u>Answer:
</u>
Physliis invested 32000 dollar at 5% interest rate and 34000 dollar at 7% interest rate.
<u>Solution:</u>
Let Phyllis invest ‘x’ dollar at 5% per year and (66000-x) dollar at 7% per year.
We know,

In the question it is given that Simple interest earned from both the investments at the end of the year is $3980.
Using the given below equation, we will try to find out the investments at each rate.

x = 32000
We can calculate amount for 7% interest rate by,
(66000-32000) =34000
Thus Phyllis invested 32000 dollar at 5% interest rate and 34000 dollar at 7% interest rate.
Answer:
Step-by-step explanation:
If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
a)6 years
b)12 years
c)18 years
***
compound interest formula: A=P(1+r/n)^nt, P=initial investment, r=interest rate, n=number of compounding periods per year, A=amt after t-years.
For given problem:
P=10000
r=.02
n=2
t=6, 12, 18
..
A(6)=10000(1+.02/2)^2*6
A(6)=10000(1.01)^12=11,268.25
A(12)=10000(1.01)^24=12,697.35
A(18)=10000(1.01)^36=14,307.69
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