SOLUTION: Jennifer invested $500 part at 7% per annum and the rest at 10% per annum. after one year total interest earned was $44. how much did she invest at each rate

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Question 842593: Jennifer invested $500 part at 7% per annum and the rest at 10% per annum. after one year total interest earned was $44. how much did she invest at each rate
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
Jennifer invested $500 part at 7% per annum and the rest at 10% per annum.
.10x + .07(500-x) = $44
x = 9/.03 = $300 at 10% and $200 at 7%
CHECKING our answer***
$30 + $14 = $44
Wish You the Best in your Studies.

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