SOLUTION: $5400 is invested,part of it at 12% and part of it at 7%. For a certain year, the total yield is $528.00. How much was invested at each rate?
How much was invested at 12%?
How
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Question 810744: $5400 is invested,part of it at 12% and part of it at 7%. For a certain year, the total yield is $528.00. How much was invested at each rate?
How much was invested at 12%?
How much was invested at 7%?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
a+b=5400,
.12a+.07b=528
a=3000., b=2400.
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