Ask a New Question

Katie invested a total of $7,000, part at 2% simple interest, and part at 3% simple interest. At the end of 1 year, the investments earned, $184.00 interest. How much was invested at each rate?

1 answer

invested at 2% --- x
invested at 3% --- 7000-x

.02x + .03(7000-x) = 184

carry on

Ask a New Question or answer this question.

Similar Questions

Katie invested a total of $6000, part at 3 % simple interest and part at 4 % simple interest. At the end of 1
1. 2 answers
An investment advisor invested a total of $12,000, part at 2.5% annual simple interest and part at 4% annual simple interest.
1. 2 answers
The Smiths invested $14,000, part at 3% simple interest and the rest at 4% simple interest for a period of one year. if the
1. 1 answer
two investments were made totaling $15,000. for a certain year these investments yielded $1432 in simple interest. part of the
1. 2 answers

more similar questions