Question

What is the answer to this problem?

Answer 1

$22,000 at 5%, $10,000 at 11%

Explanation:

Let x be the amount invested at 5%.

`.05x = .11(32000 - x)`

`.05x = 3520 - .11x`

`.16x = 3520`

`x = 22000`

$22,000 at 5%, $10,000 at 11%