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4 years ago

9

$10,000 is invested at two different rates. $2,500 is invested at 4%, and the rest is invested at 5%. How much interest is earne

d at the end of one year? Show all work for full credit.

1 answer:

viva [34]4 years ago

6 0

So, what we have to do is split 10000
0.04(2500) + 0.05(7500)
Multiply:
100 + 375 = 475
$475 is made in one year

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3 years ago

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Given that:

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