Raymond B. answered 10/07/22
Math, microeconomics or criminal justice
.095x + .06(41,000-x) = 3300
.095x -.06x = 3300 -.06(41000)
.035x = 3300- 2460= 0840
x = 840/.035 = $24,000 invested in 9.5%
41,000-24,000= $17,000 invested in 6%.
average rate of return on the investment is 3300/41000= about 8.0488%
9.5-8.0488= 1.4512
8.0488-6=2.0488
1.4512/2.0488= 7.083
17000/24000= 7.083