You inherit $18750 but the conditions are that for the first year, the money must be invested in two stocks paying 10% and 11% interest, respectively. How much should be inbested at each rate if the total interest to be earned for the year at $1962.51? Be sure to specify what your variable stands for and to set up an algebraic equation which models the problem. then solve the equation and answer the question.
H means amount at higher interest.
.11H + .10(18750-H)=1962.71
Wouldn't that do it?