SOLUTION: how can 6,300 be invested, one part at 6% and the remainder at 7%, so that the income will be the same on each investment?
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Question 664889: how can 6,300 be invested, one part at 6% and the remainder at 7%, so that the income will be the same on each investment?
Answer by vleith(2983) (Show Source): You can put this solution on YOUR website!
let x be the amount you invest at 6%. Then is the amount invested at 7%
You are told the interest from both investments is the same. So
invest 3392.31 at 6% and 6300-3392.31 at 7%
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