Q M.

asked • 07/20/21

Math interest problem

Joe invests a total of $4000 in two plans.

Part of the money is invested at 8% per year

and the rest at 11% per year. The interest

paid after 1 year on the 11% investment is

$212 more than the interest paid on the 8%

investment. How much did Joe invest in

each?

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.