Please help me in my homework. I think this is invalid yet our teacher gave it to us.
Grace invested $200000 for one year. Some invested at 10% rate and the remaining at 12% rate. If the accounts earned $4500, how much was invested at each rate?
This is IMPOSSIBLE!!
At those rates, and a principal of $200,000, earnings should be a lot more than $4,500 for the year. Are you certain
you have the right numbers &/or info.?