SOLUTION: Jeff has $5000 to invest and he wants to earn $568 of interest in 1 year; he will invest part of the money at 10% and the other part at 12%; what is the amount he will invest for 1

SOLUTION: Jeff has $5000 to invest and he wants to earn $568 of interest in 1 year; he will invest part of the money at 10% and the other part at 12%; what is the amount he will invest for 1

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Question 253702: Jeff has $5000 to invest and he wants to earn $568 of interest in 1 year; he will invest part of the money at 10% and the other part at 12%; what is the amount he will invest for 10% and how much at 12%
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.12*x+.10(5000-x)=568
x=3400 at 12%
5000-x at 10%
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