An executive invests $26,000, some at 7% and some at 5% annual interest. if he receives an annual return of $1580, how much is invested at each rate?

He invest $14000 for 7% and $12000 for 5%.

Step-by-step explanation:

Consider the provided information.

Let executive invest x for 7% and 26000-x for 5%.

The annual return is $1580.

Therefore, the required equation is:

26000-14000=12000

Therefore, he invest $14000 for 7% and $12000 for 5%.

answer: about 22.67

step-by-step explanation:

1. minimum

2. 6400

3. eight

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