$5900 is invested, part at 11% and part at 8% . The total of yields is $565.00. How much was invested at each rate ?

Question

$5900 is invested, part at 11%  and part at 8% . The total of yields is $565.00. How much was invested at each rate ?

Joseph H. · Accepted Answer

a+ b = 5900, .11a + .08b - 565. a = 5900-b, .11 (5900 -b) + ,08b = 565, 649-.11b  + .08b = 565, 84 =.03b, b = 84/.03 = 2800, a = 5900-2800 = 3100.

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