A total of $7000 is invested: part at 7% and the remainder at 9%. How much is invested at each rate

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A total of $7000 is invested: part at 7% and the remainder at 9%. How much is invested at each rate if the annual interest is $550?

Using our split fund interest calculator, we get:

• Fund 1: $4,000
• Fund 2: $3,000