SOLUTION: jeffery invested $2500, part 8% per annum and the rest at 12% per annum. after one year the total interest earned was $79.50. how much did he invest at each rate?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: jeffery invested $2500, part 8% per annum and the rest at 12% per annum. after one year the total interest earned was $79.50. how much did he invest at each rate?      Log On


   

Question 950594: jeffery invested $2500, part 8% per annum and the rest at 12% per annum. after one year the total interest earned was $79.50. how much did he invest at each rate?
Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
This problem is impossible. Even at the lower rate of 8%, the $2500 would earn more than $79.50 in interest, so no answer is possible.