Question

Larry Mitchell invested part of his $10000 advance at 2% annual simple interest and the rest at 6% annual simple interest. If his total yearly interest from both accounts was $520, find the amount invested at each rate?

Answer 1

I got the amount invested at 2% to be $2,000 and the amount invested at 6% to be $8,000.
Is that correct?

Answer 2

@UnkleRhaukus @mathmale

Answer 3

@dan815 @jhonyy9

Answer 4

It's correct.