SOLUTION: Larry Mitchell invested part of his $30000 advance at 3% annual interest and the rest at 6%anual simple interest .if his total yearly interest from both account is $930 find the am
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Question 1047482: Larry Mitchell invested part of his $30000 advance at 3% annual interest and the rest at 6%anual simple interest .if his total yearly interest from both account is $930 find the amount invested in each rate
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
.06x + .03(30000 - x) = 930
x = 30/.03 = $1000, amount at 6%
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