An executive invests $22,000, some at 7% and the rest at 6% annual interest. If he receives an annua

Discussion in 'Calculator Requests' started by math_celebrity, Sep 11, 2021.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    An executive invests $22,000, some at 7% and the rest at 6% annual interest. If he receives an annual return of $1,420, how much is invested at each rate

    Using our split fund interest calculator, we get:
    • 10,000 @ 7%
    • 12,000 @ 6%
     
    math_celebrity, Sep 11, 2021
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