SOLUTION: Help please. I can't think how to solve this problem. The sum of 12000 USD is invested, part at 12% interest and part at 8% interest. Twice as much money was invested at 8% as at 1
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Question 692745: Help please. I can't think how to solve this problem. The sum of 12000 USD is invested, part at 12% interest and part at 8% interest. Twice as much money was invested at 8% as at 12%. How much money was invested at each rate?
Thank you. Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested at 12% is the amount invested at 8%
$4,000 was invested at 12%
$8,000 was invested at 8%
