SOLUTION: Larry Mitchell invested part of his
$ 17 comma 000$17,000
advance at
4 %4%
annual simple interest and the rest at
6 %6%
annual simple interest. If his total yearly int
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-> SOLUTION: Larry Mitchell invested part of his
$ 17 comma 000$17,000
advance at
4 %4%
annual simple interest and the rest at
6 %6%
annual simple interest. If his total yearly int
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Question 1053733: Larry Mitchell invested part of his
$ 17 comma 000$17,000
advance at
4 %4%
annual simple interest and the rest at
6 %6%
annual simple interest. If his total yearly interest from both accounts was
$ 980$980,
find the amount invested at each rate Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! x is at 4%
17000-x is at 6%
.04x+.06(17000-x)=980
.04x+1020-.06x=980
-.02x=-4-
x=$2000@4%=$80
17000-x=$15000@6%=$900
