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Client Investments. A & B Financial Services makes investments for their clients.?

Client Investments. A & B Financial Services makes investments for their clients. It makes a investment of $3700 for the year at simple interest, yielding $297. some of the dollars is invested at 7% and the rest at 9%. How much has been invested at 7% and 9 %? Do the Familiarize and Translate steps by completing the following table. Let the number of money invested at 7% and the number of money invested at 9%.

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  1. x = amount at 7% 3700 - x = amount at 9% 0.07x + 0.09 (3700 - x) = 297 0.07x - 0.09x + 333 = 297 -0.02x = - 35 so divide 35 by 0.02 to get x then subtract it from 3700 to get y
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