82. Investments A student invests a total of $5000 at 3% and 4% annually. After 1 year, the student receives a total of $187.50 in interest. How much did the student invest at each interest rate?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
ChapterP: Prerequisites
SectionP.9: Modeling With Equations
Problem 27E: Investments What annual rate of interest would you have to earn on an investment og $3500 to ensure...
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82. Investments A student invests a total of $5000 at 3%
and 4% annually. After 1 year, the student receives a total
of $187.50 in interest. How much did the student invest at
each interest rate?
Transcribed Image Text:82. Investments A student invests a total of $5000 at 3% and 4% annually. After 1 year, the student receives a total of $187.50 in interest. How much did the student invest at each interest rate?
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