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36 votes
36 votes
An investment banker received a bonus and invested that money in two investments. He put a certain sum

of money in the first investment that returned 7% interest after one year. In the second investment he
Invested four times that of the first investment and got a 12% interest return after one year. If the total
interest from his investments after one year was $8,525.00, find the amount invested at each interest rate.

User Igoy
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1 Answer

27 votes
27 votes

Answer:

Explanation:

An investment banker received a bonus and invested that money in two investments. He put a certain sum

of money in the first investment that returned 7% interest after one year. In the second investment he

Invested four times that of the first investment and got a 12% interest return after one year. If the total

interest from his investments after one year was $8,525.00, find the amount invested at each interest rate.

User Logan Lee
by
3.3k points