An Executive invests $28,000, some at 6% and the rest at 4% annual interest . If he receives an annual return of $1,500, how much is invested at each rate ? 6% = ? 4%=?
An Executive invests $28,000, some at 6% and the rest at 4% annual interest . If he receives an annual return of $1,500, how much is invested at each rate ? 6% = ? 4%=?
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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An Executive invests $28,000, some at 6% and the rest at 4% annual interest . If he receives an annual return of $1,500, how much is invested at each rate ?
6% = ?
4%=?
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