SOLUTION: You have $192000 to invest in two accounts, one has an intrest of 0.095 percent and the other is 0.125 percent. These investments will make $12000 how much do you invest in each?
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Question 983296: You have $192000 to invest in two accounts, one has an intrest of 0.095 percent and the other is 0.125 percent. These investments will make $12000 how much do you invest in each? Answer by macston(5194) (Show Source):
You can put this solution on YOUR website! .
For given problem, there is no solution. $192000 invested at the highest rate (0.125 percent) would equal ($192000*0.00125=$240) only $240, not $12000.
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If the rates were 9.5% and 12.5%, the lowest rate would yield more than $12000
0.095($192000)=$18240
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Check your problem and re-post.
