A man invests $20,000 at an annual interest rate of 7%,and $12,000 at an annual interest rate of 7.5%.What was his annual income on the two investments?
Anna -The man's income is simply the annual interest he earns on the two investments:$20000 x 7% + $12000 x 7.5%I'll leave it for you to do the math.Hope that helps