How much should you invest at 2.3% simple interest in order to earn $60 interest in 16 months? You should show your work for this question. > Next Question

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 19T: A total of $50,000 is invested in two funds that pay 4 and 5.5 simple interest. The yearly interest...
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How much should you invest at 2.3% simple interest in order to earn $60 interest in 16 months? You should
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Transcribed Image Text:Question 9 How much should you invest at 2.3% simple interest in order to earn $60 interest in 16 months? You should show your work for this question. > Next Question US #3 $ & 3 4 7 8 9. e y i d k
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