SOLUTION: Melissa is planning to invest a total of $17,000 in two accounts. If she invests $10,000 in a
CD paying 12% annual simple interest, at what rate does the remainder of her money n
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Question 1006153: Melissa is planning to invest a total of $17,000 in two accounts. If she invests $10,000 in a
CD paying 12% annual simple interest, at what rate does the remainder of her money need to be
invested so that the two investments together yield at least $1900 in yearly simple interest? (Set
up and solve an inequality to answer this question).
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the rate at which she must invest
the rest of her money
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The rest of her money must be invested at 10% simple interest
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