If $9,000 is to be invested, part at 13% and the rest at 8% simple interest, how much should be invested at each rate so that the total annual return will be the same as $9,000 invested at 9%? Set up a system of linear equations, letting be the amount invested at 13% and be the amount invested at 8%.

Question

If $9,000 is to be invested, part at 13% and the rest at 8% simple interest, how much should be invested at each rate so that the total annual return will be the same as $9,000 invested at 9%? Set up a system of linear equations, letting  be the amount invested at 13% and  be the amount invested at 8%.

Quizplus · Accepted Answer

The Answer of If $9,000 is to be invested, part at 13% and the rest at 8% simple interest, how much should be invested at each rate so that the total annual return will be the same as $9,000 invested at 9%? Set up a system of linear equations, letting  be the amount invested at 13% and  be the amount invested at 8%.

If $9,000 Is to Be Invested, Part at 13% and the Rest