SOLUTION: he amount of annual interest earned by $5,000 invested at a certain rate is $260 less than $11,000 would earn at a 2% lower rate. At what rate is the $5,000 invested?

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Question 991199: he amount of annual interest earned by $5,000 invested at a certain rate is $260 less than $11,000 would earn at a 2% lower rate. At what rate is the $5,000 invested?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!




Solve for and then convert to a percent.

John

My calculator said it, I believe it, that settles it