SOLUTION: A total of $25,000 is invested in two funds paying 3% and 3.5% simple interest. The annual interest is $835. How much is invested in each fund?
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Question 903068: A total of $25,000 is invested in two funds paying 3% and 3.5% simple interest. The annual interest is $835. How much is invested in each fund?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
x the amount at 3.5%
.035x + .03(25000-x) = 835
x = 85/.005, amount at 3.5%. At 3% is (25000-x)
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