SOLUTION: Two investments are made totaling $16,000. For a certain year, these investments yield $970 in simple interest. Part of the $16,000 is invested at 5% and the rest at 7%. How much i

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Two investments are made totaling $16,000. For a certain year, these investments yield $970 in simple interest. Part of the $16,000 is invested at 5% and the rest at 7%. How much i      Log On