A few days ago
investment problem:?
a person invested a sum of money at 9% annual simple interest, and invested twice that amount at 11% annual simple interest. If the yearly income from both investments for one year was $1395, how much was invested at each rate?
Top 1 Answers
A few days ago
Favorite Answer
(X x .09) + ( 2X x .11) = 1395.00
now solve for X
0
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