A total of $6000 is invested: part at 5% and the remainder at 9%. How much is invested at each rate if the annual intere

Deb12

2016-04-25 16:07:12

A total of $6000 is invested: part at 5% and the remainder at 9%. How much is invested at each rate if the annual interest is $530?

ANSWERS

frischamayora

2016-04-25 17:14:21

Account 1 = $5750 Interest 9% = $517.50 Account 2= $ 250 Interest 5% = $ 12.50 $517.50+$12.50=$350

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