MATH SOLVE

4 months ago

Q:
# Jack invests $500 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one-half percent higher. if he receives a total of $85 interest in 1 year, at what rate is the $500 invested?

Accepted Solution

A:

1000x + 2000(x+.005) = 190Β

x = 6%

x = 6%