Mathematics, 19.02.2021 23:40 princessa15266

Paul has $30,000 to invest. His intent is to earn 11% interest on his investment. He can invest part of his money at 7% interest and part at 13% interest. How much does Paul need to invest in each option to make a total 11% return on his $30,000? 7% interest =$?

13% interest =$?

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More questions: Mathematics Another questions

Paul has $30,000 to invest. His intent is to earn 11% interest on his investment. He can invest part of his money at 7% interest and part at 13% interest. How much does Paul need to invest in each option to make a total 11% return on his $30,000? 7% interest =$? 13% interest =$?

Answers

Another question on Mathematics

Paul has $30,000 to invest. His intent is to earn 11% interest on his investment. He can invest part of his money at 7% interest and part at 13% interest. How much does Paul need to invest in each option to make a total 11% return on his $30,000? 7% interest =$?

13% interest =$?