Conrubreseluvsdona Conrubreseluvsdona

24-02-2017
Mathematics

Answered

Erin invested 15000 some at 5 percent and some at 8 percent annual interest if she recieves an annual return of 930 dollars how much is invested at each rate

Verified Answer :

Aliwohaish12 Aliwohaish12

25-02-2017

.08x+.05(15000-x)=930
.08x+750-.05=930
.08x-.05x=930-750
.03x=180
X=180/.03=6,000 at 8%
(15000-6000)=9000 at 5%

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