A college student invested part of a $25,000 inheritance at 7% interest and the rest at 6%. If his annual interest is $1,671 how much did he invest at 6%? If I told you the answer is $8,000, in your own words, using complete sentences, explain how you would solve the problem.
2 answers
Notice the key words here: in your own words.
A college student invested part of a $25,000 inheritance at 7% interest and the rest at 6%. If his annual interest is $1,670, how much did he invest at 6%?
Once you have answered the question above, answer the questions below. You must respond to both parts of this discussion question in order to receive full credit.
Explain how you approached this problem and the strategy/strategies you used to help guide your thinking.
Once you have answered the question above, answer the questions below. You must respond to both parts of this discussion question in order to receive full credit.
Explain how you approached this problem and the strategy/strategies you used to help guide your thinking.
1 answer