Terry invested a total of $4500. A portion was invested at 4% and the rest was invested

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Terry invested a total of $4500. A portion was invested at 4% and the rest was invested at 6%. The amount of Terry’s annual return on each portion is the same. Find the average rate of interest Terry earned on the $4500.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Sep 21, 2024 05:19 AM

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Terry invested a total of $4500. A portion was invested at 4% and the rest was invested

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Letthe amount invested at 4 be x letthe amount invested at 6 be y t...View the full answer

Contemporary Business Mathematics with Canadian Applications

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