SOLUTION: A person invested $16,000, part of 8% and the remainder at 6%. If the total yearly intrest from these investments was $1180, find the amount invested at each rate.
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Question 190266: A person invested $16,000, part of 8% and the remainder at 6%. If the total yearly intrest from these investments was $1180, find the amount invested at each rate. Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = the amount invested @ 8% will be the amount invested @ 6%
given:
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$11000 was invested @ 8% and $5000 was invested @ 6%
check:
OK
