SOLUTION: Terry Edwards invested $3000 for two years, part at 3.5% simple interest and the rest at 2.5% simple interest. After two years, she earned a total interest of $190. How much was in
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Question 1074206: Terry Edwards invested $3000 for two years, part at 3.5% simple interest and the rest at 2.5% simple interest. After two years, she earned a total interest of $190. How much was invested at each rate?
Answer by josgarithmetic(39620) (Show Source): You can put this solution on YOUR website!
, if it were 1 year. No compounding for simple interest.
when simplified.
, at 3.5%
-
, at 2.5%
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