Answer:
$2,500
Explanation:
The computation is shown below:
Given that
Invested amount = $1,500
Rate of interest = 3%
Total return for both investments = $195
Rate = 6%
As we can see that
= $1,500 × 3%
= $45
Let us assume the money be invested be X
So, the equation is
$45 + 0.06X = $195
0.06X = $195 - $45
0.06X = $150
X = $2,500
So the money must be invested is $2,500
