SOLUTION: A company invests a total of ​$50,000 of surplus funds at two annual rates of​ interest: 3​% and 7 1/2%. It wishes an annual yield of no less than 6 1/4​%.
Algebra ->
Inequalities
-> SOLUTION: A company invests a total of ​$50,000 of surplus funds at two annual rates of​ interest: 3​% and 7 1/2%. It wishes an annual yield of no less than 6 1/4​%.
Log On
Question 1093149: A company invests a total of $50,000 of surplus funds at two annual rates of interest: 3% and 7 1/2%. It wishes an annual yield of no less than 6 1/4%. What is the least amount of money that the company must invest at the 7 1/2% rate? Answer by richwmiller(17219) (Show Source):
