Question

set up trust fund, 1 part earning 8% simple interest pr yr
the other is earning 5%. simple interest pr yr

principle = 7000
trust fund earned $470 in 1st year how much invested in both rates
thanks in advance

Answer 1

Interest= To be solved
Principle- $7000
rate- 8%
time- 1 year
Set up as I= r over (pt)

Answer 2

I mean p over rt!

Answer 3

:)

Answer 4

Medal?

Answer 5

Please?

Answer 6

that wont get me the 2 deposit amounts?

Answer 7

You do the same set-up, just switch around the rates after solving each one. So then you'll get therefore, the first part of the fund is ____ and the other ____.

Answer 8

ok will try that