Colin invested $27,000, part at 16% and part at 1%. If the total interest at the end of the year is $3120, how much did he invest at each rate?

Name: Colin invested $27,000, part at 16% and part at 1%. If the total interest at the end of the year is $3120, how much did he invest at each rate?
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The Answer of Colin invested $27,000, part at 16% and part at 1%. If the total interest at the end of the year is $3120, how much did he invest at each rate?

Colin Invested $27,000, Part at 16% and Part at 1