A principal amount of $8,000 was partly invested in two schemes with a – InterviewSolution

1.	A principal amount of $8,000 was partly invested in two schemes with an annual interest rate of 4% and 5%, respectively. At the end of the year, the total interest is $350. Find the ratio of investment.
Answer» A principal amount of $$ 8, 000$ was partly invested in two schemes with an annual interest rate of $4 %$ and $5 %,$ respectively. At the end of the year, the total interest is $$ 350.$ Find the ratio of investment.

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