In investing $6,100 of a couple's money, a financial planner put some of it into a savings account paying 3% annual simple interest. The rest was invested in a riskier mini-mall development plan paying 9% annual simple interest. The combined interest earned for the first year was $393. How much money was invest at each rate?

Question

Bria Burke

Mathematics

7 October, 19:04

In investing $6,100 of a couple's money, a financial planner put some of it into a savings account paying 3% annual simple interest. The rest was invested in a riskier mini-mall development plan paying 9% annual simple interest. The combined interest earned for the first year was $393. How much money was invest at each rate?

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Chanel · Answer 1

sorry i don't know this one but im sure other people would under stand im actually trying to figure out similar problems

Step-by-step explanation: sorry i didn't know this answer