Study guides

☆

Q: How can 56000 be invested part at 7 percent annual simple interest and the remainder at 5 percent simple annual interest do that so the interest earned by both accounts is equal?

Write your answer...

Submit

Still have questions?

Continue Learning about Math & Arithmetic

$2,500 is your answer

$2400

4000

The answer depends on the rate of interest.

T = 3yrs

Related questions

$4,500

2,400

696,00

$2,500 is your answer

$2400

4000

72

The answer depends on the rate of interest.

2.5 years

T = 3yrs

3125

3125

People also asked