Willie invests some money at 7.5%. He also invests $4,000 less than this amount at 6.5%. His total annual income from the interest of these two investments is $1,000. How much money is invested at each rate?
Willie invests some money at 7.5%. He also invests $4,000 less than this amount at 6.5%. His total annual income from the interest of these two investments is $1,000. How much money is 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
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...
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Willie invests some money at 7.5%. He also invests $4,000 less than this amount at 6.5%. His total annual income
from the interest of these two investments is $1,000. How much money is invested at each rate?
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