Mr. and Mrs. Wright set up a trust fund for
their children last year. Part of it is earning 7% simple
interest per year while the rest of it is earning 5% simple
interest per year. They placed $5000 in the trust fund.
In one year the trust fund has earned $310. How much
did they invest at each interest rate?
12 bed a
ara

Question

05-10-2022
Mathematics

Answered

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Mr. and Mrs. Wright set up a trust fund for
their children last year. Part of it is earning 7% simple
interest per year while the rest of it is earning 5% simple
interest per year. They placed $5000 in the trust fund.
In one year the trust fund has earned $310. How much
did they invest at each interest rate?
12 bed a
ara

Sagot :

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Sagot :

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