A man invested part of #80,000 in first bank that paid 10% simple interest and the rest in community bank that paid 6% simple interest. His total...

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A man invested part of #80,000 in first bank that paid 10% simple interest and the rest in community bank that paid 6% simple interest. His total annual interest from the two investment is #6,000. How much did he invest in each bank?

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A man invested part of #80,000 in first bank that paid 10% simple interest and the rest in community bank that paid 6% simple interest. His total...

  • Written in: 17-Oct-2019
  • Paper ID: 369142
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About this Question

STATUS

Approved

DATE ANSWERED

Oct 17, 2019

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