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A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate? We have two unknowns: the amount of money invested at 9% and the
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Last year, Ivan had $20,000 to invest. He invested some of it in an acount that paid 9% simple interest per year, and he invested the rest in an account that paid 7% simple interest per year. After one year, he received a total of
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You invested $14,000 in two accounts paying 5% and 9% annual interest, respectively. If the total interest earned for the year was $820, how much was invested at each rate?
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Katie invested a total of $6000 , part at 3 % simple interest and part at 4 % simple interest. At the end of 1 year, the investments had earned $214 interest. How much was invested at each rate?
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Solve the problem. Helen Weller invested $15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the
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You invested $27,000 in two accounts paying 2% and 3% annual interest, respectively.If the total interest earned for the year was $ 800, how much was invested at each rate?
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The computer club invested $2200, part at 4.5% interest and the rest at 7%. The total annuel interest earned was $144. How much was invested at each rate?
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