Answer :
Answer:
for 12% it would be $3,000
And, for 6% it would be $2,000
Step-by-step explanation:
The computation of the amount invested at each rate is shown below:
Let us assume the amount invested at 12% be x
So, the $5,000 - x be invested at 6%
The total interest earned is $480
So the equation would be
0.12x + 0.06($5,000 - x) = $480
0.12x + $300 - 0.06x = $480
0.06x = $80
x = $3,000
So for 12% it would be $3,000
And, for 6% it would be $2,000