SOLUTION: Mike has $15000 to invest, part at 5% and part at 8%. He wants the income from simple interest on the two investments to total 1080 dollars annually. How much should he invest for
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Question 1094872: Mike has $15000 to invest, part at 5% and part at 8%. He wants the income from simple interest on the two investments to total 1080 dollars annually. How much should he invest for each rate?
Consider it as a sample/template/prototype. Read it attentively.
Then solve your problem by substituting your data.
In this way you will learn the method.
