SOLUTION: How do I solve an interest problem that is asking for the amounts invested at 2 different rates? It gives me the time (1year), the rates (2.5% and 3.0%) and the total interest earn
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Question 809686: How do I solve an interest problem that is asking for the amounts invested at 2 different rates? It gives me the time (1year), the rates (2.5% and 3.0%) and the total interest earned ($850). Answer by richwmiller(17219) (Show Source):
You can put this solution on YOUR website! .025x+.03y=850
x+y=?
what was the total invested?
x-intercept | 34000. when y=0
y-intercept | 28333.3 when x=0
