Question 1072099
Let n be the amount invested in plan 1. Then the amount invested in plan 2 would be n+7000. So:
n+n+7000=80000
2n=73000
n=36500
n+7000=43500
So tim's expected earnings are:
36500(.07)+43500(.12)=$7775.00 earnings in one year. &#9786;&#9786;&#9786;&#9786;