One year, Don invested a total of $40,000, partat 4%, part at 5%, and the rest at 5 12%

Chapter 6, Problem 65

(choose chapter or problem)

One year, Don invested a total of $40,000, partat 4%, part at 5%, and the rest at 5 12%. The totalamount of interest received on the investmentswas $1990. The interest received on the 5 12%investment was $590 more than the interestreceived on the 4% investment. How much wasinvested at each rate?

Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.

Becoming a subscriber
Or look for another answer

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back