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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?
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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?

User Nuruddin Iminokhunov
by
7.5k points

2 Answers

2 votes

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

$8,000 invested into the 8.5% fund

Explanation:

User KoalaBear
by
8.5k points
6 votes

Answer 200 for 9 and 125 for 7

Explanation:

User Lutger
by
8.6k points
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