Question 169953
.02x+.025*2x+.0125(40,000-3x)=825
.02x+.05x+500-.0375x=825
.0325x=825-500
.0325x=325
x=325/.0325
x=10,000 invested @ 2%
10,000*2=20,000 invested @
40,000-10,000-20,000=10,000 invested @ 1.25%
Proof:
.02*10,000+.025*20,000+.0125*10,000=825
200+500+125=825
825=825