SOLUTION: How do you solve the problem of split investments? A man investing $12,000, part at 7% and the rest at 9%. If the annual outcome from the investments are $956, how much was investe
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Question 834126: How do you solve the problem of split investments? A man investing $12,000, part at 7% and the rest at 9%. If the annual outcome from the investments are $956, how much was invested at each rate? Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! How do you solve the problem of split investments?
A man investing $12,000, part at 7% and the rest at 9%.
If the annual outcome from the investments are $956,
how much was invested at each rate?
:
Let x = amt invested at 9%
then
(12000-x) = amt invested at 7%
:
.09x + .07(12000-x) = 956
Find x
