SOLUTION: Marcia has $18000 to invest in two different investments. She invest $10000 at 4% yearly interest in one investment .At what rate must she invest the remainder so that she earns a
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Question 1111083: Marcia has $18000 to invest in two different investments. She invest $10000 at 4% yearly interest in one investment .At what rate must she invest the remainder so that she earns a yearly interest of more than $700 Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! For 4% annual interest investment:
(1)
(1)
(1)
For the 2nd investment:
(2)
(2)
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(3)
(3)
(3)
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From (2):
The remainder must be invested at a rate
greater than 3.75%
