Sam invested $48,000, some at 6% interest and the rest at 10%. How much did he invest at each rate i | MathCelebrity Forum

Sam invested $48,000, some at 6% interest and the rest at 10%. How much did he invest at each rate i

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math_celebrity

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Sam invested $48,000, some at 6% interest and the rest at 10%. How much did he invest at each rate if he received $4,000 in interest in one year?

Using our split fund interest calculator, we get:
  • Fund 1 @ 6% = $20,000
  • Fund 2 @ 10% = $28,000
 
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