Ave Maria School of Law

Simple Interest Rate Problems:

*24: Challenge.

Chang had $5300 to invest. He invested part of it at a 5% simple interest rate, and the rest at a 4% simple interest rate. In the first year, he earned a total of $244 interest. How much did he invest at each rate?


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Last updated by roy e #392569
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You do it yourself. We NEVER do students' math problems

Sorry! Can't do that...