A banker invests $25,000 into two mutual funds. One fund pays a phenomenal 24% interest on the original investment. The other does average, earning only 5% for the year. The banker earns $5,600 in interest from these two funds during the year. How much money did the banker invest in the fund that paid 5% interest? (round your answer to the nearest dollar) O $6,000 O $19,400 $2,105 $22,895 1 New games Play now 7 A Z 2 W S # 3 X E D $ 4 C R F Q Search % 5 T V A 6 G Y B & 7 H U N 8 J ( 9 M K O ) 0 < L 1 P Alt Y ( 11 ? A 40 D * 11:03 AM 6/18/2023 7 A
A banker invests $25,000 into two mutual funds. One fund pays a phenomenal 24% interest on the original investment. The other does average, earning only 5% for the year. The banker earns $5,600 in interest from these two funds during the year. How much money did the banker invest in the fund that paid 5% interest? (round your answer to the nearest dollar) O $6,000 O $19,400 $2,105 $22,895 1 New games Play now 7 A Z 2 W S # 3 X E D $ 4 C R F Q Search % 5 T V A 6 G Y B & 7 H U N 8 J ( 9 M K O ) 0 < L 1 P Alt Y ( 11 ? A 40 D * 11:03 AM 6/18/2023 7 A
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A banker invests $25,000 into two mutual funds. One fund pays a phenomenal 24% interest on the original investment. The other does average, earning only 5%
for the year. The banker earns $5,600 in interest from these two funds during the year. How much money did the banker invest in the fund that paid 5% interest?
(round your answer to the nearest dollar)
O $6,000
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