Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A total of $6,000 was invested, Part of the $6,000 was invested at 7%, and the rest was invested at 4%. If the interest for
A total of $6,000 was invested, Part of the $6,000 was invested at 7%, and the rest was invested at 4%. If the interest for one year is $390, how much was invested at each rate?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started