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Home Q & A Board Science-Related Homework Help Mathematics
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teojianrong teojianrong
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3 years ago
Solve the problem.

You inherit $10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be $700?

▸ $7000 invested at 6%; $3000 invested at 11%

▸ $2000 invested at 6%; $8000 invested at 11%

▸ $9000 invested at 6%; $1000 invested at 11%

▸ $8000 invested at 6%; $2000 invested at 11%
Textbook 
College Algebra

College Algebra


Edition: 7th
Author:
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GUILLEMRGUILLEMR
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3 years ago
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