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A total of $9000 is invested: part at 6% and the remainder at 14%. How much is invested at each rate if the annual interest is...Asked by tonya brown
A total of $6000 is invested: part at 8% and the remainder at 12%. How much is invested at each rate if the annual interest is $540
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Answered by
oobleck
If x is invested at 8%, then the rest (6000-x) is at 12%.
So now just add up the interest:
.06x + .12(6000-x) = 540
Now finish it off
So now just add up the interest:
.06x + .12(6000-x) = 540
Now finish it off
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