$5,000 Is Invested At 3% Interest. How Much Money Must Be Invested At 5% Interest So That The Total Interest From The Two Investments Is $275 After One Year?

2

2 Answers

hongqin wang Profile
hongqin wang answered
5000*3%=150
275-150=125
125/5%=2500
so the money must be $2500.
Karl Sagan Profile
Karl Sagan answered

So, we have two investments, and the profit from both of them should be  5000*0.03=x*0.05=275 total. It means that we'll have $150 from 5k, and we'll still need $125. 0.05x=125, so our second investment will be x=2,5k. I guess trading in Bitcoin Era has its benefits, and making good money is not the only one.

Answer Question

Anonymous