Use an algebraic approach to solve the problem. A total of $4000 was invested, part of it at 2% interest and the remainder at 5%. If the total yearly interest amounted to $170, how much was invested at each rate?
Use an algebraic approach to solve the problem. A total of $4000 was invested, part of it at 2% interest and the remainder at 5%. If the total yearly interest amounted to $170, 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
Section2.3: Equations Involving Decimals And Problem Solving
Problem 43PS
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Use an algebraic approach to solve the problem. A total of $4000 was invested, part of it at 2% interest and the remainder at 5%. If the total yearly interest amounted to $170, how much was invested at each rate?
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