Answered: Luisa invested $30,000, part at 9% and…

Luisa invested $30,000, part at 9% and another part at 5%. If the total profit he receives is $1,950 for the 2 accounts, how much did he invest at each interest rate?

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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Luisa invested $30,000, part at 9% and another part at 5%. If the total profit he receives is $1,950 for the 2 accounts, how much did he invest at each interest rate?

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