SOLUTION: Jared invests part of his $10,000 inherritance at 7% and the rest at 9%. If the total return on his investment is $840 how much did he invest at each rate? Did I set up the problem
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-> SOLUTION: Jared invests part of his $10,000 inherritance at 7% and the rest at 9%. If the total return on his investment is $840 how much did he invest at each rate? Did I set up the problem
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Question 103069: Jared invests part of his $10,000 inherritance at 7% and the rest at 9%. If the total return on his investment is $840 how much did he invest at each rate? Did I set up the problem correctly? I know it's P*R*T=I, so would it be .07x+.09(10,000-x)=840? Found 2 solutions by stanbon, cwatts1818:Answer by stanbon(75887) (Show Source):
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