Answer:
17
Step-by-step explanation:
Answer:
- $85,000 at 6.25%
- $65,000 at 6.00%
Step-by-step explanation:
Let x represent the amount invested at 6.25%. Then the total interest earned is ...
0.0625x + 0.0600(150,000 -x) = 9212.50
0.0025x = 212.50 . . . . . . subtract 9000, collect terms
x = 212.50/0.0025 = 85,000
150,000 - 85,000 = 65,000 . . . . amount invested at the lower rate
$85,000 is invested at 6.25%; $65,000 is invested at 6%.
Multiplication, hope I could help!
