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 $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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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 $
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