> Investment, simple interest, rate problem?

Investment, simple interest, rate problem?

Posted at: 2014-12-05 
after you find out WHAT combined interest rate you are aiming for ...

Use the famous and ever popular 2-variable, 2-equation substitution method.

Alex splits an investment of $69000 , a portion earning simple interest at a rate of 3.6 % per year and the rest earning at a rate of 9 % per year in such a way that the return on the total investment is %. How much money was invested at each rate? (Round to the nearest 100 dollars.)