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August 28, 2014

August 28, 2014

Posted by **gaurav** on Saturday, October 29, 2011 at 2:10am.

- math -
**drwls**, Saturday, October 29, 2011 at 2:29amLet X be the amount invested at 13% interest

Let Y be the amount invested at 7% interest

0.13X + 0.07 Y = 6500 (maximum without financial aid penalty)

X + Y = 55,000

0.13X + 0.13Y = 7150

0.06Y = 650

Y = 10,833.33 at 7%

X = 44,166.67 at 13%

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