SOLUTION: Grace has $10,000 to invest. She invests some at 2.5% interest and the rest at 4% interest. How much should she invest at each rate to earn $310 in interest in one year?
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Question 1134714: Grace has $10,000 to invest. She invests some at 2.5% interest and the rest at 4% interest. How much should she invest at each rate to earn $310 in interest in one year? Answer by ikleyn(52776) (Show Source):
You will find there different approaches (using one equation or a system of two equations in two unknowns), as well as
different methods of solution to the equations (Substitution, Elimination).