Interesting Interest Problem
Algebra
Level
pending
I invest 7,000 in a fund that yields 1.2% per year, and invest another x in a fund that yields 1.5% per year. If overall after one year the yield from my entire investment has been 1.25%, how much did I invest in the other fund?
This is a non-calculator question.
The answer is 1400.
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1 solution
7000 * 1.2/100 = 84
7000 * 1.5/100 = 105
105-84 = 21
investment in other fund = 21*100//1.5 =1400