3 years ago

B. How was the original $20,000 investment split between the two interest rates?

Mathematics

1 answer:

Roman55 [17]3 years ago

4 0

Answer:

t + f = 2000

let represent the amount invested at three percent; let f represent the amount invested at five percent. The total of these amounts is $20,000. The total of the interest earned by each amount is $800. Of course the interest earned is the amount multiplied by the interest rate.

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