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Set up equations and 1. Terry invested a total of $4500. A portion was invested at 4% and the rest was invested at 6%. The amount of Terry's annual return on each portion is the same. Find the average rate of interest Terry earned on his total investment.

Set up equations and 1. Terry invested a total of $4500. A portion was invested at 4% and the rest was invested at 6%. The amount of Terry's annual return on each portion is the same. Find the average rate of interest Terry earned on his total investment.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Set up equations and solve: 1. Terry invested a total of $4500. A portion was invested at 4% and the rest was invested at 6%. The amount of Terry's annual return on each portion is the same. Find the average rate of interest Terry earned on his total investment. 2. Kim invested a total of $ 24000 in two mutual funds. Her investment in the equity fund is $4000 less than three times her investment in the Bond value. How much did Kim invested in each value. 3.Nancy's sales last week were $140 less than three times Andrea's sales. Together they sold $940. Determine how much cach person sold last week.
Transcribed Image Text:Set up equations and solve: 1. Terry invested a total of $4500. A portion was invested at 4% and the rest was invested at 6%. The amount of Terry's annual return on each portion is the same. Find the average rate of interest Terry earned on his total investment. 2. Kim invested a total of $ 24000 in two mutual funds. Her investment in the equity fund is $4000 less than three times her investment in the Bond value. How much did Kim invested in each value. 3.Nancy's sales last week were $140 less than three times Andrea's sales. Together they sold $940. Determine how much cach person sold last week.
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