Heather invested $2,200 at 9% and invested $3,700 at 4%
What represents the amount invested in each asset?
The amount invested at 9% can be represented as x whereas the balance invested at 4% is (5900-x), as a result, the interest earned on each is computed thus:
Interest 9%=x*9%
interest at 9%=0.09x
Interest at 4%=(5900-x)*4%
interest at 4%=236-0.04x
Total interest=0.09x+236-0.04x
total interest=0.05x+236
Total interest earned=346
346=0.05x+236
346-236=0.05x
110=0.05x
x=110/0.05
x=$2,200(invested at 9%)
amount invested at 4%=5900-2200
amount invested at 4%=$3,700
Find out more about simple interest on:brainly.com/question/14214349
#SPJ1
