A total of $7000 is invested: part at 7% and the remainder at 9%. How much is invested at each rate

Discussion in 'Calculator Requests' started by math_celebrity, Oct 16, 2020.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A total of $7000 is invested: part at 7% and the remainder at 9%. How much is invested at each rate if the annual interest is $550?

    Using our split fund interest calculator, we get:
    • Fund 1: $4,000
    • Fund 2: $3,000
     

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