Larry Mitchell invested part of his $29,000 advance at 3% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $950, find the amount invested at each rate. The amount invested at 3% is $ The amount invested at 4% is $

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
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Larry Mitchell invested part of his $29,000 advance at 3% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $950, find the
amount invested at each rate.
The amount invested at 3% is $
The amount invested at 4% is $
O Time Remaining: 01:14:08
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Transcribed Image Text:Larry Mitchell invested part of his $29,000 advance at 3% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $950, find the amount invested at each rate. The amount invested at 3% is $ The amount invested at 4% is $ O Time Remaining: 01:14:08 Next 4:06 PM 1/25/2022 Home End Insert %23 3 5 6
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