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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asked Jul 13, 2022 233k views

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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

Nuruddin Iminokhunov asked

by Nuruddin Iminokhunov

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2 votes

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

$8,000 invested into the 8.5% fund

Explanation:

KoalaBear answered Jul 15, 2022

by KoalaBear

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6 votes

Answer 200 for 9 and 125 for 7

Explanation:

Lutger answered Jul 18, 2022

by Lutger

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