An investor will invest a total of $15,000 in two accounts, one paying 4% annual simple interest
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An investor will invest a total of $15,000 in two accounts, one paying 4% annual simple interest and the other 3%. If he wants to earn $550 annual interest, how much should he invest at each rate?
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Lets denote the amount invested at 4 interest as x in dollars Since th...View the full answer
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Related Book For 
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
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