Post a New Question

ALGEBRA

posted by on .

An investor has $500 more invested at 7% than he does at 5%..If his annual interest is $515, how much does he have inested at each rate?....I need to know how to solve this problem...Do I use PRT=I(interest) formula..please someone help me with the steps....

  • ALGEBRA - ,

    (Y+500).07 + y*.05=515

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question