SOLUTION: jeffery invested $2500, part 8% per annum and the rest at 12% per annum. after one year the total interest earned was $79.50. how much did he invest at each rate?

SOLUTION: jeffery invested $2500, part 8% per annum and the rest at 12% per annum. after one year the total interest earned was $79.50. how much did he invest at each rate?

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Question 950594: jeffery invested $2500, part 8% per annum and the rest at 12% per annum. after one year the total interest earned was $79.50. how much did he invest at each rate?
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
This problem is impossible. Even at the lower rate of 8%, the $2500 would earn more than $79.50 in interest, so no answer is possible.
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