Katie invested a total of $6000, part at 3% simple interest and part at 4% simple interest. At the end of 1 year, the investments had earned $212 interest. How much was invested at each rate? Katie invested at a rate of 3% and $[ at a rate of 4%. FOLL

Q: John invests a total of $20,000, part at 10% and part at 12%. His total for one year is $2160. How…

A: Let the amount John invests at 10% = xLet the amount John invests at 12%=yFormulating equations:

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A: I am going to solve the given problem by using some simple algebra to get the required result.

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Q: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

A: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

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Q: emily kailyn received an inheritance of $208,000.00 from her grandfather and invested part at 10%…

A: Follow below steps to obtain the answer: -As we know that formula for calculating simple interest is…

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A: we need to find out the interest rate of second account earning per year.

Q: Part of $48000 is invested at a 4% simple interest account and the rest at a 5% simple interest…

A:

Q: Mila invested $6,700 and put it in two accounts. She put some in a money market account that earned…

A: Here we find the solution of given problem on simple interest.