SOLUTION: each year a student uses the interest earned a two separate investment to help pay for college cost. the annual interest rates are 11% and 13%. of the total amount interest is 15,2

Algebra.Com
Question 1121176: each year a student uses the interest earned a two separate investment to help pay for college cost. the annual interest rates are 11% and 13%. of the total amount interest is 15,200 and the total interest earned per year is 1,840, how much is invested at 11% rate?
Found 2 solutions by ikleyn, josgarithmetic:
Answer by ikleyn(52788)   (Show Source): You can put this solution on YOUR website!
.
each year a student uses the interest earned a two separate investment to help pay for college cost.
the annual interest rates are 11% and 13%. of the total amount interest is 15,200 and the total interest earned per year is 1,840,
how much is invested at 11% rate?
~~~~~~~~~~~~~~~~~~~~~~~


As written, posted and presented, this post contains two statements that mutually exclude each other.

Therefore the post in whole does not make sense.


Watch what you post to the forum ! ! !



Answer by josgarithmetic(39618)   (Show Source): You can put this solution on YOUR website!
----------------------------------
.. the annual interest rates are 11% and 13%. of the total amount interest is 15,200 and the total interest earned per year is 1,840, how much is invested at 11% rate?
---------------------------------

Invest x and y in each account


Total one-year interest:



Question asks for x.



IMPOSSIBLE

You can recheck the steps shown for any mistakes; otherwise something is wrong with your problem description.

RELATED QUESTIONS

an investment adviser invested $14000 in two accounts. one investment earned 8% annual... (answered by checkley71)
Suppose one investment in a money market earned 4.25% annual interest; the other... (answered by nyc_function)
A savings account is set up so that the simple interest earned on the investment is... (answered by stanbon)
a college student invests $8000 in an account that pays interest annually. If the student (answered by prayerwarrior82b)
A college used a $5,000 gift from an alumnus to make two student loans. The first was at... (answered by jorel555)
To help pay for his child's college education, a father invests $10,000 in two separate... (answered by stanbon)
a person invests a total of $23500 in two accounts. one investment earned 8% annual... (answered by mananth)
The annual interest on a $15,000 investment exceeds the amount of interest earned by a... (answered by mananth,MathTherapy)
calculate the simplest interest earned on a 2 year investment of $1,550 at a 8 3/4%... (answered by fractalier)