A person invested $6500 for 1 year, part at 5%, part at 11%, and the...
60.1K
Verified Solution
Link Copied!
Question
Basic Math
A person invested $6500 for 1 year, part at 5%, part at 11%, and the remainder at 13%. The total annual income from these investments was $721. The amount of money invested at 13% was $700 more than the amounts invested at 5% and 11% combined. Find the amount invested at each rate.The person invested $ ____at 5%, $____at 11%, and $______at 13%.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
