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A man invested $16,000. He invested a portion at 6% and the balance at 8%. If he receives $260 every 3 months, how much did he invest at each rate?

A man invested $16,000. He invested a portion at 6% and the balance at 8%. If he receives $260 every 3 months, how much did he invest at each rate?
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A man invested $16,000. He invested a portion at 6% and the balance at 8%. If he receives $260 every 3 months, how much did he invest at each rate?

User Idan
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The answer is 1040.00 and the explanation is he Receives 260 every three months and a balance at 8 percent,and a6 percent Portion at the 8 percent. TAH DAH
User Doguita
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