Sam invested $48,000, some at 6% interest and the rest at 10%. How much did he invest at each rate i

Sam invested $48,000, some at 6% interest and the rest at 10%. How much did he invest at each rate if he received $4,000 in interest in one year?

Using our split fund interest calculator, we get:

• Fund 1 @ 6% = $20,000
• Fund 2 @ 10% = $28,000