Asked by Nicole Salazar on Jun 06, 2024
Verified
Mrs. Simone invested $20,000 in two investments paying 2% and 3% respectively. She earned $460 interest for the year. How much did Mrs. Simone invest at 3%?
Investments Paying
Refers to earnings from assets or securities, typically in the form of interest, dividends, or profits.
- Determine investment allocations and returns based on interest rates and total returns.
Verified Answer
ZK
Learning Objectives
- Determine investment allocations and returns based on interest rates and total returns.