Asked by Dan
A person invests $7,500 part at 5% and the remainder at 4% simple interest. If the total interest at the end of the first year was $346.50, find the amount invested at 4%.
total interest=346.5=7500*.05 + x*.04
solve for x.
ooopsss, I misread the problem. The total amount invested was 7500..
total interest=346.5=(7500-x)*.05 + x*.04
solve for x.
total interest=346.5=7500*.05 + x*.04
solve for x.
ooopsss, I misread the problem. The total amount invested was 7500..
total interest=346.5=(7500-x)*.05 + x*.04
solve for x.
Answers
There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.