document.write( "Question 125175This question is from textbook A Graphical Approach to College Algebra
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document.write( "Nancy B. Kindy won $200,000 in a state lottery. She first paid income tax of 30% on the winnings. Of the rest, she invested some at 1.5% and some at 4%, earning $4350 interest per year. How much did she invest at each rate. \r
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Algebra.Com's Answer #91763 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! the amount remaining after 30% taxes is (100%-30%) of 200000, or .7*200000=140000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "let x=\"amount @ 4%\", so (140000-x)=\"amount @ 1.5%\"\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "(.04)(x)+(.015)(140000-x)=4350 __ .04x+2100-.015x=4350 __ .025x=2250 \n" ); document.write( " |