Posted by **sue** on Sunday, September 4, 2011 at 5:44pm.

suppose you invest $15,000 in two funds paying 11 1/2%and 14% simple interest. the total annual interest is $1950. how much is invested in each fund?

- college algebra -
**Henry**, Tuesday, September 6, 2011 at 4:26pm
Amt. Invested in fund A = $X.

Amt. invested in fund B = $(15,000-X).

Int. = Prt.

t = 1yr.

x*0.115*1 + (15000-x)*0.14*1 = $1950.

0.115x + 2100 - 0.14x = 1950,

-.025x = 1950 - 2100 = -150,

X = $6,000.

15000 - X = 15000 - 6000 = $9000.

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