Jamaal is planning to invest up to $24000 in City Bank or State Bank. He wants to invest at least $1000 in City Bank, but not more than $13000; since State Bank does not insure more than $17000, he wants to invest no more than this amount in State Bank. The interest at City Bank is 6%, and the interest at State Bank is 7%. How much should he invest in each bank to earn the most interest? What is the maximum amount of interest that Jamaal can earn? He should invest $ in City Bank and $ in State Bank. The maximum amount of interest that Jamaal can earn is $[

Jamaal is planning to invest up to $24000 in City Bank or State Bank. He wants to invest at least $1000 in City Bank, but not more than $13000; since State Bank does not insure more than $17000, he wants to invest no more than this amount in State Bank. The interest at City Bank is 6%, and the interest at State Bank is 7%. How much should he invest in each bank to earn the most interest? What is the maximum amount of interest that Jamaal can earn? He should invest $ in City Bank and $ in State Bank. The maximum amount of interest that Jamaal can earn is $[

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter6: Systems Of Linear Equations And Inequalities

Section6.1: Graphing Systems Of Equations

Problem 59PFA

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