SOLUTION: Amanda invests $25,000, part at 5% and the rest at 6%. The annual return on the 5% investment exceeds the annual return on the 6% investment by $40. How much did she invest at each
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Question 1151748: Amanda invests $25,000, part at 5% and the rest at 6%. The annual return on the 5% investment exceeds the annual return on the 6% investment by $40. How much did she invest at each rate?
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
Amanda invests $
part at % and the rest at %
The annual return on the %= investment exceeds the annual return on the %= investment by $.
so,
so, is invested at % and at %
check interest difference:
%= of is:
%= of is:
-> which confirms our solution
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