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13 May, 21:38

Find how much was invested

at each rate if $20,000 more was invested at 7%

than at 5%

what would be its equation

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Answers (1)
  1. 13 May, 21:53
    0
    t = Time

    Step-by-step explanation:

    A = X (1+.05) ^t using X as the initial investment, compounded yearly

    For $20000 more invested at 7%,

    A' = (X+20000) (1+.07) ^t
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