Raymond B. answered 06/24/21
Math, microeconomics or criminal justice
1500X + 2100(.03) = 279
1500X = 279 - 63 = 216
X = 216/1500 = 0.144 = 14.4% for $1500
$2100 at 3%
279/3600 = 0.775 = 7.75% average rate of return on the total invested
3 is within 4.75 of 7.75
14.4 is within 6.65 of 7.74
6.65/4.75 = 1.4, You need 1.4 time as much invested at 3% as at 14.4%
2100/1500 = 1.4