$5,000 is invested at 3% interest. How much money must be invested at 5% interest so that the total interest from the two invest
ments is $275 after one year? $2,000 $2,500 $3,000
2 answers:
3% interest on 5,000 = 150
275 (the total amount wanted) - 150 (from initial investment)= 125
x (5%) =125
x (0.05)= 125
x/0.05)= 125/0.05
x=2500
you need to invest 2500 at 5% to get the additional 125
125 plus 150= 275
Answer:150
Step-by-step explanation:
Just divide 5000 by 3
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