orchidpsycho
New member
- Joined
- Sep 26, 2005
- Messages
- 41
I need help setting this up. Word problems are hard for me.
Jack invests $1,000 at a certain annual interest rate, and he invests another $2,000 at an annual rate that is one-half percent higher. If he receives a total of $190 interest in one year, at what rate is the $1,000 invested?
Any help would be great.
Thanks
Jack invests $1,000 at a certain annual interest rate, and he invests another $2,000 at an annual rate that is one-half percent higher. If he receives a total of $190 interest in one year, at what rate is the $1,000 invested?
Any help would be great.
Thanks