Answer:
31000 dollars were invested at 4% interest rate.
16000 dollars were invested at 5% interest rate.
Step-by-step explanation:
Convert the interest rate into decimal and then write down two equations to solve for the unknowns.
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1 answer:
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Place the decimal point right after the first nonzero digit, which is 3.
So you'll go from this
to this 
after this move.
Now ask yourself: "how many spots must I move the decimal point to get back to 0.003045?"
The answer is "3 spots to the left"
The exponent of the final answer is -3
The negative indicates "move left" and the 3 tells us how many places to move the decimal
Therefore,
Answer: Choice C)
This is assuming you meant to write the -3 as an exponent
So you'll go from this
Now ask yourself: "how many spots must I move the decimal point to get back to 0.003045?"
The answer is "3 spots to the left"
The exponent of the final answer is -3
The negative indicates "move left" and the 3 tells us how many places to move the decimal
Therefore,
Answer: Choice C)
This is assuming you meant to write the -3 as an exponent
