Question 1109000
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You can also solve "mixture" problems like this by comparing the actual amount of interest to the amounts of interest that would be obtained at each of the two rates.<br>
$1000 at 5% interest would make $50 interest; at 6% it would make $60 interest.<br>
$58 is 4/5 of the way from $50 to $60; that means 4/5 of the money should be invested at 6%.<br>
So 4/5 of $1000 = $800 at 6%; the remaining $200 at 5%.