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Larry Mitchell invested part of his $13,000 advance at 8% annual simple interest and the rest at 6% annual simple interest. If his total yearly interest from both accounts was $960, find the amount invested at each rate. The amount invested at 8% is $ The amount invested at 6% is $

Larry Mitchell invested part of his $13,000 advance at 8% annual simple interest and the rest at 6% annual simple interest. If his total yearly interest from both accounts was $960, find the amount invested at each rate. The amount invested at 8% is $ The amount invested at 6% is $

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Larry Mitchell invested part of his $13,000 advance at 8% annual simple interest and the rest at 6% annual simple interest. If his total yearly interest from both accounts was $960, find the amount invested at each rate. The amount invested at 8% is $ The amount invested at 6% is $
Transcribed Image Text:Larry Mitchell invested part of his $13,000 advance at 8% annual simple interest and the rest at 6% annual simple interest. If his total yearly interest from both accounts was $960, find the amount invested at each rate. The amount invested at 8% is $ The amount invested at 6% is $
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