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Sagot :
Answer:
He invested $ 8500 at the interest of 5% and $ 6500 at the interest of 3%
Step-by-step explanation:
Let the sum invested at interest rate of 5% be X
Let the sum invested at interest rate of 3% be Y
As we know
[tex]X + Y = 15000[/tex] - Eq (1)
[tex]X* 5/100 *1 + Y * 3/100 * 1 = 620[/tex]
[tex]5X + 3Y = 62000[/tex] ---Eq (2)
Multiplying Eq (1) by 3 we get -
[tex]3X + 3Y = 45000[/tex]
Substract Eq (1) from Eq (2) we get
[tex]5X + 3Y = 62000\\- 3X -3Y = -45000\\2X = 17000\\X = 8500\\Y = 15000-8500 = 6500[/tex]
He invested $ 8500 at the interest of 5% and $ 6500 at the interest of 3%
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