Question

$10,000 is invested at two different rates. $4,500 is invested at 4%, and the rest is invested at 5%. How much interest is earned at the end of one year? Show all work for full credit.

Answer 1

The question is asking to calculate how much interest is earned at the end of the year, and base on my research and further analysis, I would say that the answer would be $455, I hope you are satisfied with my answer and feel free to ask for more if you have questions