Question

In planning her​ retirement, Liza deposits some money at 4​% ​interest, with twice as much deposited at 4.5​%. Find the amount deposited at each rate if the total annual interest income is ​$2080.
She deposited ​$___ at 4​% and ​$____ at 4.5%.

Answer 1

She deposited $16,000 at 4% and $32,000 at 4.5%