solve each problem by setting up and solving an appropriate inequality. Suppose that Lance has $5000 to invest. If he invests $3000 at 5% interest, at what rate must he invest the remaining $2000 so that the two investments yield more than $300 in yearly interest?
solve each problem by setting up and solving an appropriate inequality. Suppose that Lance has $5000 to invest. If he invests $3000 at 5% interest, at what rate must he invest the remaining $2000 so that the two investments yield more than $300 in yearly interest?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter5: Linear Inequalities
Section5.3: Solving Multi-step Inequalities
Problem 7CYU
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solve each problem by setting up and solving an appropriate inequality. Suppose that Lance has $5000 to invest. If he invests $3000 at 5% interest, at what rate must he invest the remaining $2000 so that the two investments yield more than $300 in yearly interest?
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