You invested a total of $10,000 at 4.5% and 5.5% simple interest. During 1 year the two accounts earned $508.75. How much money invested at 5.5%? and how much money is invested at 4.5% A. $7875 B. $5875 C. $6125 D. $4125
You invested a total of $10,000 at 4.5% and 5.5% simple interest. During 1 year the two accounts earned $508.75. How much money invested at 5.5%? and how much money is invested at 4.5% A. $7875 B. $5875 C. $6125 D. $4125
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.2: Applied Problems
Problem 2E
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You invested a total of $10,000 at 4.5% and 5.5% simple interest. During 1 year the two accounts earned $508.75. How much money invested at 5.5%? and how much money is invested at 4.5%
A. $7875
B. $5875
C. $6125
D. $4125
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