SOLUTION: Jack invests $1500 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one-half percent higher. If he receives a total of $255 interest in 1 y
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Question 660160: Jack invests $1500 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one-half percent higher. If he receives a total of $255 interest in 1 year, at what rate is the $1500 invested?
I've tried the r= interest/Pt and it didn't work. Im not sure what to do with the 2000 at an annual rate that is on half percent higher Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = rate that $1500 is invested at = rate that $2000 is invested at
given:
$1500 is invested at 7%
check:
OK
