Tyler invested some money at 1.5% simple interest and some at 2.5% simple interest. The total amount

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Tyler invested some money at 1.5% simple interest and some at 2.5% simple interest. The total amount of his investments was $28,000, and the interest he earned during the first year was $620. How much did he invest at each rate?

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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Question Posted: May 28, 2023 01:44 AM

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Tyler invested some money at 1.5% simple interest and some at 2.5% simple interest. The total amount

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Lets assume Tyler invested x dollars at 15 interest rate and 28000 x ...View the full answer

Intermediate Algebra

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