You invested a total of $8000 in 2 funds earning 7% and 9% simple interest. During 1 year, the 2 funds earned a total of $600 in interest. How much did you invest in each fund?

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Dwane asked Apr 22, 2022

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You invested a total of $8000 in 2 funds earning 7% and 9% simple interest. During 1 year,

the 2 funds earned a total of $600 in interest. How much did you invest in each fund?

Mathematics
high-school

Dwane asked Apr 22, 2022

by Dwane

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21 votes

Answer:$17,000 invested into the 8% fund

$8,000 invested into the 8.5% fund

Explanation:

David Dahan answered Apr 23, 2022

by David Dahan

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9 votes

Answer 200 for 9 and 125 for 7

Explanation:

Ray Kim answered Apr 28, 2022

by Ray Kim

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