An executive invests $21,000, some at 8% and the rest at 7% annual interest. If he receives an annua

An executive invests $21,000, some at 8% and the rest at 7% annual interest. If he receives an annual return of $1,600, how much is invested at each rate?

Using our split fund calculator, we get:

• Fund 1 = 13,000
• Fund 2 = 8,000