A person invested $6700 for one year, part at 8%, part at 10%, and the remainder at 12%. The total annual income from these investments was $716. The amount of money invested at 12% was $300 more than the amount invested at 8% and 10% combined. Find the amount invested at each rate.
A person invested $6700 for one year, part at 8%, part at 10%, and the remainder at 12%. The total annual income from these investments was $716. The amount of money invested at 12% was $300 more than the amount invested at 8% and 10% combined. Find the amount invested at each rate.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...
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A person invested $6700 for one year, part at 8%, part at 10%, and the remainder at 12%. The total annual income from these investments was $716. The amount of money invested at 12% was $300 more than the amount invested at 8% and 10% combined. Find the amount invested at each rate.
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