00:01
So we have two investments totaling $38 ,500.
00:03
We're going to have one invested at 3%, so we're going to have that x amount at 3%, and the remainder, which would be $38 ,500 minus x, we'll say is at 10%.
00:16
So we know that they yield, or we have an income of $25 .90.
00:21
Well, where's that income going to come from? it's going to come from the interest, which is going to be our principal times our rate.
00:27
We include the time, but since it's annual, we don't need to worry about the time.
00:32
So there's going to be interest at 3%, and then we're going to have the interest at 10%.
00:39
That's going to equal our income.
00:41
So let's work this out...