Asked by Lynn
An investor invested money @ 5% and $49,000 more than 3 times the amount @ 11% and the total interest earned is $43190 How much did he invest at each amount?
Answers
Answered by
Steve
.05x + .11(3x+49000) = 43190
x = 99474
so, $99,474 @ 5% and $347,422 @ 11%
x = 99474
so, $99,474 @ 5% and $347,422 @ 11%
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