SOLUTION: invested part of my 22000 dollar advance at 5% annual simple interest and the rest at 6% annual simple interest if my yearly interest from both accounts is 1,310 dollars what is t
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Question 795373: invested part of my 22000 dollar advance at 5% annual simple interest and the rest at 6% annual simple interest if my yearly interest from both accounts is 1,310 dollars what is the amount invested at each rate Answer by sunny1992(35) (Show Source):
You can put this solution on YOUR website! suppose on 5% annual interest you invested X amount
so on 6% annual interest you have invested remaining that is 22000-X
(Xx5%)+[(22000-X)x6%)]=1,310
5%X + 1320 - 6%X = 1310
-1%X=1310 - 1320
-1%X = -10
X = 10 x 100
X= 1000
