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)
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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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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%.
ew an example
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Transcribed Image Text: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%. ew an example Get more help. Clear all My Research Fo.. Skill builder Check answer
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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