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$12,500 is invested, part at 9% and the rest at 5%. If the interest earned from the amount invested at 9% exceeds the interest earned from the amount invested at 5% by $486.00, how much is invested at
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$12,500 is invested, part at 9% and the rest at 5%. If the interest earned from the amount invested at 9% exceeds the interest earned from the amount invested at 5% by $486.00, how much is invested at each rate?

User A Clockwork Orange
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7.6k points

1 Answer

6 votes

Answer:

$1,538.00

Explanation:

User Grebneke
by
6.5k points
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