# SOLUTION: Please help me to solve this problem. A company invests a total of \$30,000 or surplus funds at two annual rates of interest : 5% and 6.75%. It wishes an annual yield of no less tha

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: Please help me to solve this problem. A company invests a total of \$30,000 or surplus funds at two annual rates of interest : 5% and 6.75%. It wishes an annual yield of no less tha      Log On

 Ad: Over 600 Algebra Word Problems at edhelper.com Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help! Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

 Word Problems: Money, Business and Interest Solvers Lessons Answers archive Quiz In Depth

 Question 459585: Please help me to solve this problem. A company invests a total of \$30,000 or surplus funds at two annual rates of interest : 5% and 6.75%. It wishes an annual yield of no less than 6.5%. What is the least amount of money that the company must invest at the 6.75% rate?Answer by lwsshak3(6494)   (Show Source): You can put this solution on YOUR website!Please help me to solve this problem. A company invests a total of \$30,000 or surplus funds at two annual rates of interest : 5% and 6.75%. It wishes an annual yield of no less than 6.5%. What is the least amount of money that the company must invest at the 6.75% rate? .. let x=\$ invested at 6.75% rate \$30000-x=\$invested at 5% rate .0675x+.05(30000-x)≥.065(30000) .0675x+1500-.05x≥1950 .0175x≥450 x≥450/.0175 x≥25714.29 ans: The least amount of money that the company must invest at the 6.75% rate=\$25714.28