Sheryl won $60,000 on a slot machine in Las Vegas. She invested part of the money at
Question:
Sheryl won $60,000 on a slot machine in Las Vegas. She invested part of the money at 2% simple interest and the rest at 3%. In one year, she earned a total of $1600 in interest. How much was invested at each rate?
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Lets denote the amount Sheryl invested at 2 as x and the amount she invested at 3 as y We can set up ...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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