Amy has $200 less invested at 9% than she does at 6.5%. If the annual return from the two investments is the same, how much is invested at each rate?

1 answer

1. If she invested $X at 9%, then she invested $(X+200) at 6.5%.
   
   Since the return is the same, then
   X*0.09 = (X+200)*0.065
   X(0.09-0.065)=200*0.065
   0.025X = 13
   X = 13/0.025 = $520 at 9%
   X+200 = $720 at 6.5%

   Answer ID
   538902

   Created
   April 29, 2011 1:06am UTC

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   URL
   https://questions.llc/answers/538902