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An executive invests $23,000, some at 8% and the rest at 7% annual interest. If he receives an annual return of $1,800, how much is invested at each rate?

An executive invests $23,000, some at 8% and the rest at 7% annual interest. If he receives an annual return of $1,800, how much is invested at each rate?
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An executive invests $23,000, some at 8% and the rest at 7% annual interest. If he receives an annual return of $1,800, how much is invested at each rate?

User AlbertM
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1 Answer

3 votes
Roughly 23000 × 7.83%
User GMG
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