Problema Solution

A professor wants to supplrmrny her pension with inverstment interest. If she nvests $28,000 at 6% interests. how much would she have to tinvest at 7% to achieve a goal of 3500 per yeat supplemental income?

Answer provided by our tutors

given this 

 

28000 X 6/100 = 1680

3500 - 1680 = 1820

1820 = x X 7/100

x = 1820 X 100/7 = 26000