Erica invested a total of $5000, part at 3% simple interest and part at 4% simple interest.

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Erica invested a total of $5000, part at 3% simple interest and part at 4% simple interest. At the end of 1 year, the investments had earned $176 interest. How much was invested at each rate?

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College Algebra Graphs and Models

ISBN: 978-0321845405

5th edition

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

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Question Posted: Apr 12, 2016 09:12 AM

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Erica invested a total of $5000, part at 3% simple interest and part at 4% simple interest.

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College Algebra Graphs and Models

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