Concept explainers
To calculate: Investment at
Answer to Problem 26STP
Investment at
Explanation of Solution
Given information:
Total investment =
First rate of interest =
Second rate of interest =
Time =
Total interest =
Formula used:
Interest is given by:
where
Calculation:
Let investment at
Therefore, investment at
Interest on
Interest on
As per question,
The equation can be solved as:
Therefore,
investment at
investment at
Chapter 12 Solutions
Algebra 1
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