Larry Mitchell invested part of his 5-40,000 advance at 4% annual simple interest and the rest...

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Larry Mitchell invested part of his 5-40,000 advance at 4% annual simple interest and the rest at antal simple interest if hi

math algebra

Answer 1

Answer #1

A Let Larry Mitchell invested $ at 4% according to the given and at 3% Then data we have x+y = 40000 and (xx600)+(4x 180) = 1 .

.

So Larry Mitchell made the following investments.

At 4% : $28000

At 3% : $12000

Answer 2

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