Asked by sally
hakiim invested 15000 he put part of it in a term deposit that paid 4% per annum and the remainder in a treasury bill that paing 5% per annum after one year the total interest was 690 how much did hakiim invest at each rate
Answers
Answered by
Steve
if there is $x at 4%, then the rest (15000-x) is at 5%.
Now just add up the interest and solve for x:
.04x + .05(15000-x) = 690
Now just add up the interest and solve for x:
.04x + .05(15000-x) = 690
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