You invested $28,000 in two accounts paying 8% and 9% annual interost, respectively. If the total interest earned for the year was $2490, how much was invosted at each rate? The amount invesled at 8% is s The amount invested at 9% is:
You invested $28,000 in two accounts paying 8% and 9% annual interost, respectively. If the total interest earned for the year was $2490, how much was invosted at each rate? The amount invesled at 8% is s The amount invested at 9% is:
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...
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