Use an algebraic approach to solve the problem. Eva invested a certain amount of money at 1% interest and $1500 more than that amount at 4%. Her total yearly interest was $260. How much did she invest at each rate?
Use an algebraic approach to solve the problem. Eva invested a certain amount of money at 1% interest and $1500 more than that amount at 4%. Her total yearly interest was $260. How much did she 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
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. Eva invested a certain amount of money at 1% interest and $1500 more than that amount at 4%. Her total yearly interest was $260. How much did she invest at each rate?
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