document.write( "Question 1081219: jack wants to invests $1550. he finds two banks that provide a rate of 6% and 8% respectively. how should he invest in order to get a yearly return of $105?
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Algebra.Com's Answer #695334 by jorel1380(3719)![]() ![]() You can put this solution on YOUR website! Let n and 1550-n be the amounts invested at 6%, and 8%, respectively. Then: \n" ); document.write( ".08n+.06(1550-n)=105 \n" ); document.write( ".02n=12 \n" ); document.write( "n=$600 invested at 8%, $950 invested at 6%. ☺☺☺☺ \n" ); document.write( " |