Question:
A total of $5,000 is invested in two funds paying 6% and 15% simple interest. If the interest for the first year is $800, how much of the $12,000 is invested at 9%??
CAN SOMEONE PLEASE SOLVE THIS QUESTION & SHOW/EXPLAIN THE ANSWER BRIEFLY STEP BY STEP!!!!!!!!! THANK YOU
A total of $5,000 is invested in two funds paying 6% and 15% simple interest. If the interest for the first year is $800, how much of the $12,000 is invested at 9%??
CAN SOMEONE PLEASE SOLVE THIS QUESTION & SHOW/EXPLAIN THE ANSWER BRIEFLY STEP BY STEP!!!!!!!!! THANK YOU