jennifer09182002 jennifer09182002

09-10-2022
Mathematics

Answered

Parents set up a trust fund for their children last year. Part of it is earning 6% simple interest per year while the rest of it
is earning 5% simple interest per year. They placed $7000 in the trust fund. In one year the trust fund has earned
$400. How much did they invest at each interest rate?
The amount invested at 6% in the trust fund is $

Answer :

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