A person invested $25,200 in two accounts, which pay 5 % and 10% interest annually. The amount invested at 10% rate is 110% of the amount invested at 5% rate. After three years year, he earns $2,442 in interest. How much did he invest at the 5% rate ?
I have the answer, but it does not make sense to me (x=12000)
Thank you
I have the answer, but it does not make sense to me (x=12000)
Thank you