Question

Two sums of money were invested at 12% and 8.5%, respectively. the amount invested at 12% was three times the amount invested at 8.5%. the total annual income from the tow investments was $151.30. How much was invested at each rate?

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Answer 1

For the answer to the question above asking how much was invested at each rate if two sums of money were invested at 12% and 8.5%, respectively. the amount invested at 12% was three times the amount invested at 8.5%. the total annual income from the tow investments was $151.30?

$37.825 was invested at 8.5%
$113.475 was invested at 12%