SOLUTION: Two investments were made totaling $3,000. For a certain year, these investments yielded $216 in simple interest. Part of the $3,000 was invested at 6% and part at 8%. Find the amo
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Two investments were made totaling $3,000. For a certain year, these investments yielded $216 in simple interest. Part of the $3,000 was invested at 6% and part at 8%. Find the amo
Log On
Question 222411: Two investments were made totaling $3,000. For a certain year, these investments yielded $216 in simple interest. Part of the $3,000 was invested at 6% and part at 8%. Find the amount invested at each rate. Answer by rfer(16322) (Show Source):