If $1,500 is invested at 3% interest, how much money must be invested at 6% so that the total return for both investments is $180 ?
Added by Matthew K.
Step 1
The interest earned on the first investment can be calculated using the formula: Interest = Principal * Rate. For the first investment of $1,500 at 3% interest, the interest earned is: Interest = $1,500 * 0.03 = $45. Show more…
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