An amount of money is invested at 3% annual simple interest, and $2000 more than that amount

Question:

An amount of money is invested at 3% annual simple interest, and $2000 more than that amount is invested at 4%. The total annual interest is $920. How much is invested at each rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

Question Posted: