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A woman has a total of $ 15 , 000 to invest. She invests part of the money in an account that pays 5 %
A woman has a total of $ 15 , 000 to invest. She invests part of the money in an account that pays 5 % per year and the rest in an account that pays 12 % per year. If the interest earned in the first year is $ 1240 , how much did she invest in each account?
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Lets denote the amount invested at 5 per year as x and the amount invested at ...
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
