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3 years ago

PLEASE HELP!!!PLEASE HELP!!!PLEASE HELP!!!PLEASE HELP!!!PLEASE HELP!!!PLEASE HELP!!!

Mathematics

1 answer:

hjlf3 years ago

3 0

Answer:

Step-by-step explanation:

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The amount of $15,000 is invested in two funds paying 2% and 5% simple interest. If the annual interest is $540, how much of the

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Answer:

The amount $15000 is divided as

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in 5% = $8000

Step-by-step explanation:

It is given that the total amount is $15000 and rates of interests are 2% and 5%.

Let the amount invested in 2% be "x", so the amount invested in 5% is (15000 - x).

The annual interest on x part is given as,

= $(\frac{2}{100})(x)$

Similarly, The annual interest on (15000 - x) part is given as,

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Thus the shares are $7000 and (15000 - 7000) $8000 .

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