Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments was 2380 dollars. How much money did she invest at each rate? At rate 4 percent : At rate 6 percent: Submit Question
Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments was 2380 dollars. How much money did she invest at each rate? At rate 4 percent : At rate 6 percent: Submit Question
Chapter2: Equations And Inequalities
Section2.3: Models And Applications
Problem 23SE: Paul has $20,000 to invest. His intent is to earn11% interest on his investment. He can invest part...
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