$9500 is invested, part of it is 11% and part of it is 6%. For a certain year, the total yield is $865.00. How much was invested at each rate?
Thanks for the help, this is one problem I am having trouble wirh
Thanks for the help, this is one problem I am having trouble wirh
-
x * 11/100 + (9500-x) * 6/100 = 865
x *5/100 = 865 - 570
x *5/100 = 295
therefore x = $5900
second part = 9500 - 5900 = 3600
x *5/100 = 865 - 570
x *5/100 = 295
therefore x = $5900
second part = 9500 - 5900 = 3600