SOLUTION: Paul has $30,000 to invest. His intent is to earn 14% interest on his investment. He can invest part of his money at 6% interest and part at 16% interest. How much does Paul need t

SOLUTION: Paul has $30,000 to invest. His intent is to earn 14% interest on his investment. He can invest part of his money at 6% interest and part at 16% interest. How much does Paul need t

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Question 1065426: Paul has $30,000 to invest. His intent is to earn 14% interest on his investment. He can invest part of his money at 6% interest and part at 16% interest. How much does Paul need to invest in each option to make a total 14% return on his $30,000?
6% interest $ _______
16% interest $ _______
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
6% interest $ _______
16% interest $ _______
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