how can $57,000 be invested, part at 8% annual simple interest and the remainder at 11% annual simple…

how can $57,000 be invested, part at 8% annual simple interest and the remainder at 11% annual simple interest, so that the interest earned by the two accounts will be equal? the amount to invest at 8% is $33,000. the amount to invest at 11% is $□

how can $57,000 be invested, part at 8% annual simple interest and the remainder at 11% annual simple interest, so that the interest earned by the two accounts will be equal? the amount to invest at 8% is $33,000. the amount to invest at 11% is $□

Answer

Explanation:

Step1: Let the amount invested at 11% be $x$.

The amount invested at 8% is $33000$, and the total amount invested is $57000$. So the amount invested at 11% $x=57000 - 33000$.

Step2: Calculate the value of $x$.

$x = 57000-33000=24000$.

Answer:

$24000$