Answered: Mr. Jones has $19,000 to invest. He…

Mr. Jones has $19,000 to invest. He invests part at 7% and the rest at 8%. If he earns $1,410 in interest after 1year, how much did he invest at each 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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Mr. Jones has $19,000 to invest. He invests part at 7% and the rest at 8%. If he earns $1,410 in interest after 1year, how much did he invest at each rate?

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