William opened two investment accounts. The first year, these investments, which totaled $2600, yielded $177 in simple interest. Part of the money was invested at 7.5% and the rest at 6%. How much was invested at each rate? was invested at 7.5%, and *** was invested at 6%.

William opened two investment accounts. The first year, these investments, which totaled $2600, yielded $177 in simple interest. Part of the money was invested at 7.5% and the rest at 6%. How much was invested at each rate? was invested at 7.5%, and *** was invested at 6%.

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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Question

William opened two investment accounts. The first year, these investments, which totaled $2600, yielded $177 in
simple interest. Part of the money was invested at 7.5% and the rest at 6%. How much was invested at each rate?
was invested at 7.5%, and $ was invested at 6%.
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Expert Solution

Step 1

The Total investment is $2600

Simple interest on the investment is =$177

rate of interest for the investments are 7.5% and 6%

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