Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest.

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Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest. What is the most that she can invest at 4% and still be guaranteed at least $650 in interest per year?

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College Algebra Graphs and Models

ISBN: 978-0321845405

5th edition

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

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Question Posted: Apr 12, 2016 09:13 AM

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Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest.

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Let x the amount invested at 4 ...View the full answer

College Algebra Graphs and Models

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