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Erin invested 15000 some at 5 percent and some at 8 percent annual interest if she recieves an annual return of 930 dollars how much is invested at each rate
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Erin invested 15000 some at 5 percent and some at 8 percent annual interest if she recieves an annual return of 930 dollars how much is invested at each rate

User Prafull Dhadkar
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1 Answer

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.08x+.05(15000-x)=930
.08x+750-.05=930
.08x-.05x=930-750
.03x=180
X=180/.03=6,000 at 8%
(15000-6000)=9000 at 5%
User Ameya Rote
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