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Pat invested a total of $3,000. Part of the money was invested in a money market
Pat invested a total of $3,000. Part of the money was invested in a money market
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2025-02-24
7
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问题
Pat invested a total of $3,000. Part of the money was invested in a money market account that paid 10 percent simple annual interest, and the remainder of the money was invested in a fund that paid 8 percent simple annual interest. If the interest earned at the end of the first year from these investments was $256, how much did Pat invest at 10 percent and how much at 8 percent?
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答案
$800 at 10% and $2,200 at 8%
解析
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