SOLUTION: Dave and Becky have $28,000 to invest. They invest part of it at 3.5%, one-fourth of this amount at 5%, and the rest of the money at 6%. The total annual interest income is $1460.

SOLUTION: Dave and Becky have $28,000 to invest. They invest part of it at 3.5%, one-fourth of this amount at 5%, and the rest of the money at 6%. The total annual interest income is $1460.

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Question 807662: Dave and Becky have $28,000 to invest. They invest part of it at 3.5%, one-fourth of this amount at 5%, and the rest of the money at 6%. The total annual interest income is $1460. Find the amount invested at each rate.
Answer by fcabanski(1391) (Show Source): You can put this solution on YOUR website!
More information is needed. Is this simple interest or compound interest? If compound, is it compounded yearly?
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