A college student earned $6000 during summer vacation working as a waiter in a popular restaurant. The student invested part of the money at 8% and the rest at 6%. If the student received a total of $418 in interest at the end of the year, how much was invested at 8%?
Using our split fund interest calculator, we get:
$2,900 invested at 8%
$3,100 invested at 6%
Using our split fund interest calculator, we get:
$2,900 invested at 8%
$3,100 invested at 6%