Cindy has $70,000 to invest and requires an overall rate of return of 9%. Sheinvests her money in one account at 8% while another in an account paying 12%.How much should be placed in each investment to achieve her goal?   I understand I=PRT, but I can't seem to get to an equation that I can comprehend.

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A: The formula is I = Prt, Where I = interest earned, P = principal, r = rate of interest, t = time.

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A: Let  rate of interest r1  and r2 answer is r1 = 8% and r2 = 7% detailed solution with explanation is…

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Q: ercent annual interest rate, then the other part into a separate bank at a 4.75 percent annual…

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A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

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A: Given that Jody invest total = $7000 One account gives = 2.5% other account given = 6% time = 1 year…

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A: We have given that Ritu plans to invest $25,000 in government bonds which pay 7% return annually…

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A: Let the woman invested $x at the rate of 8% per annum. Since the total amount to be invested is…

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.