Question 26525
Let amount invested at 7.25% be "x".
The amount invested at 5.4% will be 12000-x
Interest at 7.25% is 0.0725x
Interest at 5.4% is 0.054(12000-x)=648-0.054x
EQUATIOH:
Interest + Interest =730
0.0725x+648-0.054x=730
0.0185x=82
x=$4432.43 (amount invested at 7.25%)
12000-x=7567.57 (amount invested at 5.4%)
Cheers,
stan H.