SOLUTION: A financial planner recommends a plan for a client who has $64,000 to invest. At the end of the presentation, the client asks, "How much will be invested at each rate?" Answer this

SOLUTION: A financial planner recommends a plan for a client who has $64,000 to invest. At the end of the presentation, the client asks, "How much will be invested at each rate?" Answer this

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Question 1068953: A financial planner recommends a plan for a client who has $64,000 to invest. At the end of the presentation, the client asks, "How much will be invested at each rate?" Answer this question using P = 64,000, r1 = 15, r2 = 6.7, and I = 7,848.70
Answer by josgarithmetic(39628) (Show Source): You can put this solution on YOUR website!
If the two quantities to be invested into each rate are x and y, 15% for the x part, then

.

42900 at 15%
21100 at 6.7%
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