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The annual interest on a $17,000 investment exceeds the interest earned on a $12,000 investment by $402. The $17,000 is invested at a 0.6% higher rate of interest than the $12,0…

The annual interest on a $17,000 investment exceeds the interest earned on a $12,000 investment by $402. The $17,000 is invested at a 0.6% higher rate of interest than the $12,0…
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The annual interest on a $17,000 investment exceeds the interest earned on a $12,000 investment by $402. The $17,000 is invested at a 0.6% higher rate of interest than the $12,000. What is the interest rate of each investment?

asked
User Rlar
by
8.5k points

1 Answer

7 votes

17,000 is the correct answer.

answered
User Jeremy Weathers
by
7.4k points
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