Atrust fund worth $25,000 is invested in two different portfolios. this year, one portfolio is expected to earn 5.25% interest and the other is expected to earn 4%. plans are for the total interest on the fund to be $1,150 in one year. how much money should be invested at each rate?

$12 000 in Portfolio 1 and $13 000 in Portfolio 2  

Step-by-step explanation:

The formula for simple interest is  

I = Prt

For each portfolio, t = 1 yr

For Portfolio 1, i = 5.25 % = 0.0525

For Portfolio 2, i = 4 %       = 0.04

         Let x = amount invested in Portfolio 1. Then

25 000 - x = amount invested in Portfolio 2 and

25 000 - x = 25 000 - 12 000 = 13 000

So, $12 000 is invested in Portfolio 1 and $13 000 is invested in Portfolio 2.

Check:

OK.

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