Question
A man made two investments,one at 7percent and the other at 8percent interest.the yield on the two investments was le222.if the total amount invested was le3000,how much was invested at each rate ?
Answers
If $x was invested at 7%, then the rest (3000-x) was at 8%
Now just add up the interest amounts to find x:
.07x + .08(3000-x) = 222
Now just add up the interest amounts to find x:
.07x + .08(3000-x) = 222
Tnx bro
Related Questions
Glenn invested some money is a certificate of deposit (CD) with an annual yield of 9%. He invested t...
Two investments are made totaling $4800. In the first year they yield a total of $412 in simple inte...
An inheritance of $19,000 was divided among three investments yielding a total of $1490 in simple in...
Certain investments compound interest at different intervals. What effect does the size of the compo...