$ Larry Mitchell invested part of his $30,000 advance at 2% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $620, find the amount invested at each rate.The amount invested at 2% is $NThe amount invested at 4% is $

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Answered: Larry Mitchell invested part of his…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...

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Larry Mitchell invested part of his $30,000 advance at 2% annual simple interest and the rest at 4% annual simple interest. If his total yearly interest from both accounts was $620, find the amount invested each rate. The amount invested at 2% is $N The amount invested at 4% is $