Question: each year a student uses interest earned on a separate investment to help pay for college costs. The annual interest rates are 11% and 13%.
each year a student uses interest earned on a separate investment to help pay for college costs. The annual interest rates are 11% and 13%. if the total amount invested is 15200 and the total interest earned per year is 1840,
How much is invested at each rate?
Step by Step Solution
3.44 Rating (163 Votes )
There are 3 Steps involved in it
Lets denote the amount invested at 11 by x and the amount invested ... View full answer
Get step-by-step solutions from verified subject matter experts
