Mathematics, 20.02.2021 14:10 hannah2718

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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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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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 =$?