Problema Solution
Bill invests in a plan that has an APR of 4%. He invests three times as much in a plan that has an APR of 9%. If the total investments is $1271.00 after one year, how much was invested in each plan?
Answer provided by our tutors
1.04x+ 3*1.09x = 1271
4.31x = 1271
x = $295
So 3x = $885