9514 1404 393
Answer:
- at 5.4% — $10,000
- at 8% — $5000
Step-by-step explanation:
It is convenient to use a variable for the amount invested at the higher rate. If that variable is x, then the amount invested at the lower rate is (15000-x) and Anna's total annual interest is ...
0.054(15000 -x) + 0.08x = 940
0.026x +810 = 940
0.026x = 130
x = 130/0.026 = 5000
Anna invests $5,000 at 8% and $10,000 at 5.4%.
