Explore BrainMass

Explore BrainMass

    Working with rate of interests

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Invest a total of $4000 in 2 stocks that paid 5% and 7% annual interests. At the end of the year total interests from these investments is $230. How much was invested at each rate?

    © BrainMass Inc. brainmass.com June 3, 2020, 5:17 pm ad1c9bdddf
    https://brainmass.com/business/business-math/working-rate-interests-20398

    Solution Preview

    We will prepare two equations from the given data,

    Let the amounts be x and y

    they add up to 4000$, that is x + y = ...

    Solution Summary

    Very detail answer with easy to understand steps. It will enable you to do similar problems yourself.

    $2.19

    ADVERTISEMENT