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Larry Mitchell invested part of his $29,000 advance at 3% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $950, find the amount invested at each rate. The amount invested at 3% is $ The amount invested at 4% is $

Larry Mitchell invested part of his $29,000 advance at 3% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $950, find the amount invested at each rate. The amount invested at 3% is $ The amount invested at 4% is $

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....
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Larry Mitchell invested part of his $29,000 advance at 3% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $950, find the amount invested at each rate. The amount invested at 3% is $ The amount invested at 4% is $ O Time Remaining: 01:14:08 Next 4:06 PM 1/25/2022 Home End Insert %23 3 5 6
Transcribed Image Text:Larry Mitchell invested part of his $29,000 advance at 3% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $950, find the amount invested at each rate. The amount invested at 3% is $ The amount invested at 4% is $ O Time Remaining: 01:14:08 Next 4:06 PM 1/25/2022 Home End Insert %23 3 5 6
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