A Sum of $2,900 Is Invested, Part of It at 10

question 4

Short Answer

A sum of $2,900 is invested, part of it at 10% interest and the remainder at 12%. If the interest earned by the 12% investment is $117 more than the interest earned by the 10% investment, find the amount invested at each rate. Enter your answer as two numbers separated by a comma, with the amount invested at 10% listed first.

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Definitions:

Life Cycle

The series of stages through which an organism passes from the start of its life until it reproduces and starts the cycle anew.

Pine

A type of coniferous tree known for needle-like leaves and producing cones as part of its reproductive system.

Conifers

A group of cone-bearing seed plants, mostly trees and shrubs, including pines and firs, characterized by needle-like leaves.

Dioecious

A term describing plant or animal species where individuals are distinctly male or female, requiring members of both sexes for reproduction.