# SOLUTION: If someone invested 13000.00 and gets 12% interest, how much more money does she need in an acct that pays 11% interest so the average rate of return on the investments in 11.667%?

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 Click here to see ALL problems on Finance Question 515264: If someone invested 13000.00 and gets 12% interest, how much more money does she need in an acct that pays 11% interest so the average rate of return on the investments in 11.667%? Answer by mananth(12270)   (Show Source): You can put this solution on YOUR website!percent Principal \$ 12.00 13000 11.00 x 11.67 13000 + x 12 * 13000 + 11 x = 11.67 * ( 13000 + x ) 156000 + 11 x = 11.67 * 13000 + 11.67 x 156000 + 11 x = 151671 + 11.67 x 11 x - 11.67 x = 151671 - 156000 -0.67 x = -4329 / -0.67 x = 6490.25 m.ananth@hotmail.ca