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April 28, 2015

Homework Help: ALGEBRA / MATH / FINANCIAL

Posted by BOBBIE on Tuesday, September 18, 2012 at 10:56am.

PLEASE HELP.. HERE'S THE QUESTION....
RYAN IS GOING TO INVEST $4000 INTO 2 INVESTMENT OPTIONS. ONE OPTION PAYS 3% AND THE OTHER OPTION PAYS 3.5% SIMPLE INTEREST. HOW MUCH DID RYAN INVEST IN EACH OPTION IF THE INTEREST EARNED IN THE OPTION PAYING 3.5% SIMPLE INTEREST IS $94.50 MORE THAN THE INTEREST EARNED IN THE 3% OPTION?

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