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
Algebra ->
Linear-equations
-> 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
Log On
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
---------------------
The rest of her money must be invested at 10% simple interest
