1/2 scale factor for them to be equal to each other :)
Answer:
Investment A = 3650
Investment B = 1350
Step-by-step explanation:
Given that:
Total interest earned = 332.50
Total Principal invested = 5000
Investment A:
Rate = 8%
Time = 1 year
Principal = a
Interest earned = 0.08a
Investment B:
Rate = 3%
Time = 1 year
Principal = b
Interest earned = 0.03b
a + b = 5000 ____(1)
0.08a + 0.03b = 332.50 - - - (2)
From (1)
a = 5000 - b
Into (2)
0.08(5000 - b) + 0.03b = 332.50
400 - 0.08b + 0.03b = 332.50
400 - 0.05b = 332.50
-0.05b = - 67.5
b = $1350
a = 5000 - b
a = 5000 - 1350
a = $3650
