An actor invested some money at 5% simple interest, and $41,000 more than 4 times the amount at 9%. The total annual interest earned from the investment was $35,260. How much did he invest at 5% and 9%?

Step-by-step explanation:

He invested $41,000 more than 4 times the amount at 9%.

Total Annual Interest Earned = $35,260

Therefore, Time=1 year

Simple Interest

Therefore, his total interest

=Interest from Investment 1 + Interest from Investment 2

Therefore:

The amount invested at 5%=$77,000

The amount invested at 9%=$(4*77,000+41000)=$349,000

you should pay $0.88

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