If he receives 2080 in yearly interest how much is invested


Herbert invests $17,000 in two funds that pay 11%and 13% simple interest, respectively. If he receives $2080 in yearly interest, how much is invested in each fund?

Solution Preview :

Prepared by a verified Expert
Mathematics: If he receives 2080 in yearly interest how much is invested
Reference No:- TGS02723140

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)