Solve each by setting up and solving an appropriate equation. A total of $500 was invested, part of it at 7% interest and the remainder at 8%. If the total yearly interest from both investments amounted to $38, how much was invested at each rate?
Solve each by setting up and solving an appropriate equation. A total of $500 was invested, part of it at 7% interest and the remainder at 8%. If the total yearly interest from both investments amounted to $38, how much was invested 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
Chapter2: Equations, Inequalities, And Problem Solving
Section2.CM: Cumulative Review Problem Set
Problem 29CM
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Solve each by setting up and solving an appropriate equation. A total of $500 was invested, part of it at 7% interest and the remainder at 8%. If the total yearly interest from both investments amounted to $38, how much was invested at each rate?
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