Answered: $5900 is invested, part of it at 12%…

$5900 is invested, part of it at 12% and part of it at 9%. For a certain year, the total yield is $624.00. How much was invested at each rate? was invested at 12%.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter1: Equations And Inequalities

Section1.CM: Cumulative Review Exercises

Problem 44CM: Financial Planning A college student invested part of a 25,000 inheritance at 7% interest and the...

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$5900 is invested, part of it at 12% and part of it at 9%. For a certain year, the total yield is $624.00. How much was
invested at each rate?
was invested at 12%.
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