Question
A person invested $7700 for 1year, part at 5%, part at 11%, and the remainder at 12%. The total annual income from these investments was
A person invested $7700 for 1year, part at 5%, part at 11%, and the remainder at 12%. The total annual income from these investments was $798. The amount of money invested at 12% was $500 more than the amounts invested at 5% and 11% combined. Find the amount invested at each rate.
The person invested at 5%, at 11% and. 12%
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
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