15 · 1,4 = 5x
5x = 21
x = 21/5
x = 4,2
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The answer is 68 because is repeating 3 times
Total investment = $10,500
Let x = amount of first investment, and y the amount of the second investment.
First investment:
Interest rate = 9 (1/5)% = 0.092
Earned interest = 0.092x
Second investment:
Interest rate = 9% = 0.09
Earned interest = 0.09y
Total interest after one year is $957.00, therefore
0.092x + 0.09y = 957
or
1.0222x + y = 10633.33 (1)
Also,
x + y = 10500 (2)
Subtract (2) from (1).
0.0222x = 133.33
x = 6000
y = 10500 - x = 4500
Answer:
The first investment is $6,000 at 9 (1/5)% rate;
The second investment is $4,500 at 9% rate.
