Problema Solution
$5900 is invested, part of it at 10% and part of it at 9%. For a certain year, the total yield is $562.00/ How much was invested at each rate?
How much was invested at 10%?
How much was invested at 9%?
Answer provided by our tutors
x + y = 5900
x = 5900 - y
.1 (5900 - y) + .09y = 562
590 - .1y + .09y = 562
-.01y = -28
y = 2800
x = 3100