Asked Oct 5, 2019

Feel invested 12000 a portion earned simple investment rate of 4 1/2 % and the rest earning a rate of 4% per year after 1 year the total invested earned on these Investments was 525 how much money did she invest at each rate?


Expert Answer

Step 1

To determine the amounts invested for the given rates

Step 2

Let the investments be A (at 4.5%) and B (at 4%) respectively. Set up the equations for A and B , using  the given data and solve for A and B.

Step 3

Equation (1) , because the total investment is 12000. Equati...


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