Inactive Tutor answered 12/26/20
Tutor
New to Wyzant
(.052)x + (65000-x)(069) = 3856
-.017x = -4485+3856
.017x = 629
x = 629/.017 = $37000 invested at 5.2%
65000-x = $28,000 invested at 6.9%
Nicky B.
asked 09/30/18Inactive Tutor answered 12/26/20
(.052)x + (65000-x)(069) = 3856
-.017x = -4485+3856
.017x = 629
x = 629/.017 = $37000 invested at 5.2%
65000-x = $28,000 invested at 6.9%
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