Question

$9500 is invested part of it at 11% and part of it at 6%. for a certain year the total yield is $865.00. how much is invested at each rate

Answer 1

If you invest $5900 at a rate of 11% a year, and the rest ($3600) at a rate of %6 for that same year, you earn $649 and $216 (respectively) for the year, for a total of $865 in earnings