Question

$10,000 is invested at two different rates. $4,500 is invested at 4%, and the rest is invested at 5%. How much interest is earned at the end of one year? Show all work for full credit.

Answer 1

Answer:

$455/year

Step-by-step explanation:

1) subtract 4,500 from 10 k

2) the number u get (5,500) is the remaining amount

3) get 4% of 4,500(180)

4) get 5% of 5,500(275)

5) then add both of those to get the final amount of interest (455)

Answer 2

Answer:$455/year

Step-by-step explanation: