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Please help me solve this problem

Please help me solve this problem-example-1

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Answer:

The amount invested at an 8% rate would be $184

The amount invested at a 3% rate would be $69

Explanation:

The amount invested at an 8% rate would be $184 because 2,300 x 0.08 (8% in a decimal form) x 1 (since it was after 1 year) would come to 184.

The amount invested at an 3% rate would be $69 because 2,300 x 0.03 (3% in a decimal form) x 1 (since it was after 1 year) would come to 69.

User Jim Maas
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