Michael invested $25,000, part at 5% and part at 2%. If the total interest at the end of the year is $980, how much did he invest at 5%?© BrainMass Inc. brainmass.com October 9, 2019, 7:41 pm ad1c9bdddf
Solution. Assume that he invested x dollars at 5% and 25000-x at 2%. Hence, we can set ...
An interest problem is solved.