fred invested 6000 part of it at 8 and the rest at 12 if the total interest in one year is 560 h

Name: fred invested 6000 part of it at 8 and the rest at 12 if the total interest in one year is 560 how much did he invest at each rate of interest
Uploaded: 2022-03-18T04:32:01-08:00
Duration: 1 min 47 s
Channel: Subhadeepta Sahoo
Description: fred invested 6000 part of it at 8 and the rest at 12 if the total interest in one year is 560 how much did he invest at each rate of interest

Question

Subhadeepta Sahoo · Accepted Answer

Step 1: Let X be the amount invested at 8% interest rate. Therefore, the amount invested at 12%

Question

Fred invested $6000 part of it at 8% and the rest at 12%. if the total interest in one year is $560 how much did he invest at each rate of interest?

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