Question 1012041: Can someone please help me with this problem? I can't seem to solve it myself. I understand the basics of interest but I just got lost in worded problems. Here it is:
Stephanie has a $15,000 worth of savings for the last 3 years. She wants to invest it at 13% per year and 6% on the rest. How much should she invest at each rate if she wants the total income to be $40,000?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Stephanie has a $15,000 worth of savings for the last 3 years. She wants to invest it at 13% per year and 6% on the rest. How much should she invest at each rate if she wants the total income to be $40,000?
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Comment:: At those rates she cannot earn 40,000 in one year.
Is there more to the story?
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Cheers,
Stan H.
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