Choose number 2, it is divisible by 2, 
but it is not divisible by 4, because 
but 
.
$15,074 is invested, part at 14% and the rest at 5%. If the interest earned from the amount invested at 14% exceeds the interest
1 answer:
The rate at 14% and 5% are $12, 883 and $2191 respectively.
<h3>How to determine the rate</h3>Given that;
Invested amount = $ 15, 074 at 14% and 5%
Let rate at 14% = x
rate at 5% = y
We have rate at 9% exceeds that of 5% by $1694. 07
Hence,
0. 14x = 0. 05y + $1694. 07 ⇒ equation 1
x + y = $15, 074 ⇒ equation 2
Make 'x' the subject
x =
Substitute in equation 2
Expand the expression
Collect like terms
Make 'y' the subject
y =
y =
Substitute the value in equation 2
x + y = $15, 074
x = $15, 074 - y
x =
x = $12, 883
Therefore , the rate at 14% and 5% are $12, 883 and $2191 respectively.
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