Use a system of equations to solve the following problem An investor decides to invest some cash in an account paying 5% annual interest, and to put the rest in a stock fund that ends up earning 13% over the course of a year. The investor puts $800 more in the first account than in the stock fund, and at the end of the year finds the total interest from the two investments was $1210 How much money was invested at each of the two rates? Round to the nearest integer Answer How to enter your answer (opens in new window) $ 4915 45% at 13%
Use a system of equations to solve the following problem An investor decides to invest some cash in an account paying 5% annual interest, and to put the rest in a stock fund that ends up earning 13% over the course of a year. The investor puts $800 more in the first account than in the stock fund, and at the end of the year finds the total interest from the two investments was $1210 How much money was invested at each of the two rates? Round to the nearest integer Answer How to enter your answer (opens in new window) $ 4915 45% at 13%
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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