A foundation invests $70,000 at simple interest, a part at 7%, twice that amount at 4%, and the rest at 5.5%. What is the most that the foundation can invest at 4% and be guaranteed $3745 in interest per year.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...
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A foundation invests $70,000 at simple interest, a part at 7%, twice that amount at 4%, and the rest at 5.5%. What is the most that the foundation can invest at 4% and be guaranteed $3745 in interest per year.
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