You inherited $5000 with the stipulation that for the first year the money had to be invested in two funds paying 9% and 11% annual interest. How much did you invest at each rate if the total interest for the year was $487?
You inherited $5000 with the stipulation that for the first year the money had to be invested in two funds paying 9% and 11% annual interest. How much did you invest at each rate if the total interest for the year was $487?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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You inherited $5000 with the stipulation that for the first year the money had to be invested in two funds paying 9% and 11% annual interest. How much did you invest at each rate if the total interest for the year was $487?
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