Raymond B. answered 11/17/22
Math, microeconomics or criminal justice
.1x + (20000-x).07 = 1790
.1x- .07x = 1790 - .07(20000)
.03x = 1790- 1400 = 390
x = 390/.03 = $13,000 invested at 10%
20000-x = $7,000 invested at 7%
1790/20000= 8.95% average interest rate
10-8.95 = 1.05
8.95-7 = 1.95
about twice (1.95/1.05=13/7=1300/700) as much invested at 10%