Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.


A total of $5000 is invested: part at 7 % and the remainder at 15 %. How much is invested at each rate if
the annual interest is $480?

Sagot :

Aliwohaish12


0.07 (5000-x) + 0.15x= 480
Solve for x
350-0.07x+0.15x=480
0.08x=130
X=1625 invested at 15%
(5000-1625)=3375 invested at 7%



Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.