A total of $3000 is invested, part at 2% simple interest and part at 4%. If the
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A total of $3000 is invested, part at 2% simple interest and part at 4%. If the total annual return from the two investments is $100, how much is invested at each rate?
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Lets assume the amount invested at 2 simple interest is x dollars Therefore ...View the full answer
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Related Book For 
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
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